U.S.

October 26, 2012

Troops’ investment in the Exchange pays off for entire military community

Tags:
Chris Ward
AAFES Public Affairs


The Army & Air Force Exchange Service is paying dividends in more ways than one as Troops and their families exercising their benefit by dining at and shopping at Exchange facilities last year generated a dividend of $203.3 million.

These funds are critical to Army, Air Force, National Guard, Marine Corps and Navy morale, welfare and recreation efforts.

“Historically, roughly two-thirds of Exchange earnings are paid to the four Services’ morale, welfare and recreation programs with the other third used to build new stores or renovate existing facilities,” said the Exchange’s Chief of Staff Col. Thomas Ockenfels. “As a result, authorized shoppers are essentially investing in a benefit that generates a healthy return.”

With a mission to provide quality goods and services at competitively low prices and generate earnings to support quality of life efforts, the dual benefit the Exchange provides military families goes far beyond the clothes, electronics and snacks on shelves.

Shoppers who take advantage of their benefit at the Exchange, online at www.shopmyexchange.com or over the phone through the Exchange Catalog actually help make the military community a better place to live and work. In fact, purchases made in the past 10 years have provided more than $2.4 billion to military programs such as Youth Services, post functions, gyms and aquatic centers.

Exchange support to the military in fiscal year 2011 was not limited to Soldiers and Airmen. Because the Exchange operates at Marine and Navy locations, funds were also returned to Marines and Sailors. The fiscal 2011 dividend of $203.3 million was distributed as follows:

  • Army: $121.3 million
  • Air Force: $68.8 million
  • Marines: $12.1 million
  • Navy: $1.1 million
  • TOTAL: $203.3 million



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


 
 

 
Air Force photograph by Chris Higgins

412th Test Wing 1st Quarter Award Winners

Air Force photograph by Chris Higgins Brig. Gen. Carl E. Schaefer, 412th Test Wing commander, watches Jeanette White, 412th Civil Engineering Group, absolutely smash a foam baseball into the audience after accepting her 30-year...
 
 

News Briefs May 22, 2015

North Gate safety alert SAFETY ALERT! Due to mechanical issues with the North Gate, there have been large metal plates installed over gaps in the roadway while repair operations are being scheduled. Drivers should exercise caution and reduce speeds in these areas. In inclement weather and blowing dust, the plates may become slippery and vehicles,...
 
 
MG-appointments

Don’t be a no show

The 412th Medical Group is dedicated to meeting the health care needs of you and your family by providing access to its services and the best possible medical care. No shows are a costly problem for the 412th MDG and the patie...
 

 
Air Force photograph by Brad White

Team Edwards hosts Military Retiree Appreciation Day

Air Force photograph by Brad White Approximately 400 military retirees, their families and surviving spouses were in attendance during the 2015 Military Retiree Appreciation Day event held at the Oasis Community Center and 27 i...
 
 

Education Center Open House May 27

The Edwards AFB Education Center will be hosting an Open House†that will be open to all military and their family members, and civilians working on Edwards 11 a.m.-1 p.m., May 27. The Education and Training†Center is located on 140 Methusa Ave., Bldg. 2453. Attendees will have the opportunity to speak with the Ed Center staff...
 
 

Excellence in Aviation Award banquet set for June 13

The Flight Test Historical Foundation will hold the 5th annual Excellence in Aviation Awards banquet June 13. This year’s honorees are the California Air National Guard’s 163rd Reconnaissance Wing from March Air Reserve Base. The wing operates the remotely piloted MQ-1 Predator aircraft built by General Atomics Aeronautical Systems. For the first time in the...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>