ALEXANDRIA, Va. (Jan. 26, 2022) – The National Credit Union Administration announced today the appointment of Anthony Cappetta as President of the Central Liquidity Facility (CLF), effective Jan. 30, 2022.
A mixed-ownership government corporation, Congress created the CLF to improve the general financial stability of credit unions by serving as a liquidity lender to credit unions experiencing unusual or unexpected liquidity shortfalls. Member credit unions own the CLF, which exists within the NCUA. The CLF President manages the facility under the oversight of the NCUA Board.
“I congratulate Anthony on his promotion to this vital role,” said NCUA Chairman Todd M. Harper. “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.”
Mr. Cappetta joined the NCUA in 2014, serving as the Director of the NCUA Guaranteed Notes division in the Office of Examination and Insurance. The NCUA Board subsequently appointed him as the Vice President of the CLF in February 2019.
Prior to joining the NCUA, Mr. Cappetta served in leadership roles at several hedge funds and banks. He was a research and development aerospace engineer for 10 years and author of several published papers. Mr. Cappetta is a 30-year veteran of the United States Army and Army Reserve. Retiring at the rank of Colonel, he has served at the tactical, operational, and strategic levels of command throughout the United States, Europe, Middle and Far East. Colonel Cappetta has two combat tours in support of the Global War on Terrorism in Operation Iraqi Freedom from 2005–2006, and Operation Enduring Freedom (Afghanistan) in 2009. He is a graduate of several military schools including the Air War College, the United States Army Command and General Staff College, and the Joint Forces Staff College. Colonel Cappetta has numerous military honors and awards including the Legion of Merit, two Bronze Stars, and the combat action badge.
Mr. Cappetta holds an M.B.A. in Finance and Corporate Accounting from the William E. Simon Graduate School of Business Administration at the University of Rochester, an M.S.E in the Management of Technology from the University of Pennsylvania’s Wharton School and School of Engineering and Applied Science, an M.S. in Aerospace Engineering from Pennsylvania State University, and a B.S. in Aerospace Engineering from Polytechnic Institute of New York University.