POSTAL NEWS

...from various sources.

9.21.2010

Postal employee retirement community:

"...The community's name is an acronym for National Association of Letter Carriers Retirement, Education, Security and Training, as it was designed by and continues to be operated by the Nalcrest Foundation, Inc., a branch of the National Association of Letter Carriers, the union representing United States Postal Service city letter carriers. It was the brainchild of William Doherty, the first United States Ambassador to Jamaica and NALC President from 1941–1962.

Construction began on the community in July 1962[1] and the community opened in 1963.[2] Initially, due to HUD regulations, residency was open to both NALC members and others, but when the mortgage was paid in 2002, the HUD restrictions were removed and residency is now limited to NALC retirees in good standing only. ..."  
Source: en.wikipedia.org

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