Markets Wired

ALEXANDRIA, Va. (Sept. 1, 2016) – Mike Barton, who has served as President of the National Credit Union Administration’s Asset Management and Assistance Center for 17 years, has announced he will retire Sept. 30.

“Mike Barton has held an important post in the agency during some of the most difficult days we have ever experienced, including overseeing the management of assets from the five failed corporate credit unions,” NCUA Board Chairman Rick Metsger said. “We have relied on Mike and his staff to make sure the agency obtains the best asset recoveries and to see that credit union members receive timely payments from the Share Insurance Fund. He and AMAC help fulfill our commitment to ensuring member accounts up to the $250,000 limit allowed by the law.

“Mike has served NCUA and the credit union system well, and we wish him a long and happy retirement,” Metsger said.

NCUA Region IV Director C. Keith Morton will assume Barton’s responsibilities for the immediate future.

Barton joined NCUA in 1990 as AMAC’s director of asset recovery. He served as deputy to then-AMAC President Leonard Skiles in 1993 and as acting President from 1997 to 1998. Prior to joining NCUA, Barton was executive vice president of Sandia Federal Savings and Loan in Albuquerque, New Mexico. He was named Examiner of the Year in 1992.

Barton served in the U.S. Army and was awarded a Bronze Star and a Purple Heart after being wounded in Vietnam.

Barton holds degrees in finance and accounting from the University of Texas and from Texas A&M University.