Business

September 3, 2015
 

Shopping the Exchange pays $224 million in dividends

DALLAS – The Army & Air Force Exchange Service paid a dividend of $224 million in 2014 to morale, welfare and recreation efforts for the Army, Air Force, Marine Corps and Navy. In the past 10 years, the Exchange has provided more than $2.4 billion in dividends to military programs such as youth services, family counseling and other activities that make life better for military members and their families.

“Roughly two-thirds of Exchange earnings are paid to the Services’ morale, welfare and recreation programs, while the other third goes toward building new stores and renovating facilities,” said Air Force Chief Master Sgt. Sean Applegate, the Exchange’s senior enlisted advisor. 

In 2014, the Exchange opened a new shopping center and Express at Fort Meade, Md. In addition, Expresses were opened at Homestead Air Reserve Base, Fla., Tyndall Air Force Base, Fla., and Wright-Patterson Air Force Base, Ohio. The Exchange also opened one troop store in Moon Township, Pa., serving Soldiers, Airmen, Reservists and Guardsmen in Western Pennsylvania, Ohio and West Virginia.

Exchange support to the military goes beyond Soldiers and Airmen. Because the Exchange operates at Marine and Navy locations, funds are also returned to Marines and Sailors. The FY 2014 dividend of $224 million was distributed as follows: 

Army:                                      $125.3M

Air Force:                                    74.1M

Marines:                                      19.5M

Navy:                                             5.1M

Total:                                      $224.0M

The Exchange’s mission of providing quality goods and services at competitively low prices while generating earnings to support quality-of-life efforts means that the Exchange benefit is more than finding a good price on merchandise. This structure ensures that shoppers who take advantage of their Exchange benefit at brick-and-mortar stores or online at www.shopmyexchange.com are working to better their communities. 

“100 percent of Exchange earnings serve Soldiers, Airmen and their families,” Applegate said. “When service members shop or dine at their Exchange, they’re investing in their own community, making it a better place to live and work.”




All of this week's top headlines to your email every Friday.


 
 

 
Air Force photograph by Airman 1st Classs Kristine Legate

WHYP it into shape

Air Force photograph by Airman 1st Classs Kristine Legate We Have Your Pace members pace a U.S. Air Force Airman during the run portion of a physical fitness test at Davis-Monthan Air Force Base, Ariz., Oct. 25, 2018. WHYP is t...
 
 
af-marathon

Air Force Marathon makes major changes for 2019

Air Force photograph by Senior Airman Holly Ardern Runners participate in the 2018 Air Force Marathon. The Air Force Marathon opened registration for their 2019 event Jan. 1 with major changes designed to improve the experience...
 
 

ACC highlights Air Force Outstanding Unit Award winners

The commander of Air Combat Command, Gen. James M. Holmes, commander, recently announced the ACC winners of the 2018 ACC Air Force Outstanding Unit award and Air Force Organizational Excellence award: Air Force Outstanding Unit award winners: 12th Air Force, Davis-Monthan Air Force Base, Ariz., June 1, 2017-May 31, 2018 325th Fighter Wing, Tyndall Air...