An official website of the United States government

News Español Contact Us

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

About
About
Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
Regulation & Supervision
Regulation & Supervision
The NCUA protects the safety and soundness of the credit union system by identifying, monitoring and reducing risks to the National Credit Union Share Insurance Fund. Backed by the full faith and credit of the United States, the Share Insurance Fund provides up to $250,000 of federal share insurance to millions of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
Analysis
Analysis
The NCUA’s economists and analysts compile data on the credit union system’s financial performance, merger activity, changes in credit union chartering and fields of membership, as well as broader economic trends affecting credit unions. Users can find information on a single credit union or analyze broader nation-wide trends.
Support Services
Support Services
The NCUA provides a number of support services to the credit union system, such as providing training, grants and loans, chartering, and field-of-membership services; maintaining the health and stability of Share Insurance Fund; managing the assets of failed credit unions; and providing emergency liquidity.
Consumers
Consumers
The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being.
News
News
Stay up to date on the NCUA's activities by subscribing to the NCUA's Express messages. Read press releases, speeches, testimony, and Annual Reports. Register for upcoming conferences and events.

Cory Phariss

Cory Phariss

Download High-Res Photo

President, Asset Management and Assistance Center

Cory Phariss is the President of the Asset Management and Assistance Center. In this role, Mr. Phariss serves as the key advisor to the NCUA Board on matters like implementing liquidations, share insurance payouts, managing assets acquired from liquidations, and managing recoveries for the National Credit Union Share Insurance Fund. He leads AMAC’s other responsibilities, which include technical assistance and consulting related to conservatorships, real estate and consumer loans, appraisals, bond claim analysis, and accounting records reconstruction.

Mr. Phariss most recently served as Deputy to the President of AMAC from 2017-2023. Throughout his career, he has served in various field, regional office, central office roles. His tenure with the NCUA includes positions in the Office of Executive Director, Office of Examination and Insurance, and as Director of Supervision in the former Region IV office. He joined the NCUA in 1999 as a field examiner in Corpus Christi, Texas, and has since led and participated on a variety of national initiatives, including the agency’s enterprise modernization efforts, and the taxi medallion resolution.

Mr. Phariss holds a Bachelor of Business Administration from Texas Tech University.