Mike Barton, who for 17 years served as president of the Asset Management and Assistance Center at the National Credit Union Administration, is set to retire at the end of September.
NCUA Region IV Director C. Keith Morton will assume Barton's responsibilities "for the immediate future," the agency said in a release announcing Barton's retirement.
Barton originally 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.
"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 in a statement. "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."
Before joining NCUA, Barton was executive vice president of Sandia Federal Savings and Loan in Albuquerque, N.M. 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. He holds degrees in finance and accounting from the University of Texas and from Texas A&M University.
