Incumbants
The Patent
NOMINATIONS TO THE BOARD OF DIRECTORS.
TWO (2) Board of Directors Positions Needed to Be Filled. There were no nominations submitted to the Nominating Committee. The Board of Directors consists of a group of volunteers who represent the membership of the Credit Union. Anyone agreeing to serve in this capacity will assist in setting forth and enforcing policy, rules and regulations for the maintenance of the Credit Union.
Since there were no new nominations, two (2) incumbents will be re-elected by default.
Welton Lloyd
Welton performs oversight, monitoring and coordinating all external audits and the external audit process at the United States Patent and Trademark Office (USPTO) as the Audit Liaison. He is responsible for implementation of final audit reports recommendations for the Office of Inspector General and Government Accountability Office final reports issued, and handle agency responses for request for audit information to comply with the Inspector General Act. He currently serves on the USPTO Federal Credit Union Board of Directors as the Vice Chairman since 2017. He is familiar with the National Credit Union Administration (NCUA) Rules and Regulations that provide guidance and policy for operating our credit union. As a current board member, he is responsible for safeguarding the credit union’s assets and protecting the interests of our members.
Prior to Board of Directors appointment, Welton served on the USPTO Federal Credit Union Supervisory Committee from 2002 to 2013. As a member of the supervisory committee he analyzed, evaluated, and performed systematic and objective performance of systems operations and standards reflected in a financial banking institution adherence to Federal laws and regulations and generally accepted accounting principles.
Welton has over 39 years of budgeting, planning, and auditing experience, with the Department of Commerce, U.S. House of Representatives Subcommittee on Information Management and Technology, Ford Motor Company and Equitable Bank. He utilized his budget and organizational knowledge in providing detailed and comprehensive reviews for the budget execution and formulation process. He is knowledgeable in federal regulations to insure management and audit expertise in the banking industry. He is a graduate of the USDA Executive Potential Program that provided career training and developmental experiences for high potential individuals for executive positions in the Federal government. He is a graduate of Howard University in Business Administration, attended Marymount University graduate program in Information Resources Management, and National Defense University graduate program in Information Management. Welton was awarded four Commerce Bronze Medal Awards for his performances and accomplishments at the USPTO. He has been married for 36 years and has one teenage son.
Dave Scheuermann
Dave started work at the Patent Office on August 1, 1988. Shortly thereafter, he became a member of the PTOFCU. Dave served a two+ year term as a Director ending this April. He passed the Board of Director's certificate track of the Volunteer Achievement Program. Dave has also served on the PTOFCU Supervisory Committee for many years.