The National Credit Union Administration (NCUA) appointed Anthony Cappetta, its vice president of the Central Liquidity Facility (CLF), to president of the corporation.
“I congratulate Anthony on his promotion to this vital role,” NCUA Chairman Todd Harper said. “While serving as vice president of the CLF, he was integrally involved in all aspects of the development, design, planning, and execution of policies, procedures, and processes to enhance the CLF during the initial phase of the COVID-19 pandemic. He is well suited for the role of CLF president and has the vision to serve the NCUA and the credit union system well.”
Cappetta joined NCUA in 2014 as the director of its Guaranteed Notes divisions in the Office of Examination and Insurance. He was appointed as CLF vice president in February 2019.
Before his time at the NCUA Cappetta was a research and development aerospace engineer for a decade and published several papers. He served in leadership roles at several hedge funds and banks. Cappetta also is a 30-year veteran of the U.S. Army and Army Reserve.
The CLF is a mixed-ownership government corporation created by Congress to improve the general financial stability of credit unions. The CLF serves as a liquidity lender to credit unions experiencing unusual or unexpected liquidity shortfalls. The CLF president manages the facility under the oversight of the NCUA board.