Air Force

October 25, 2013

Shopping the Exchange pays $224 million in dividends

aafes-savings
The Army & Air Force Exchange Service Board of Directors announced that the Exchange paid a dividend of $224 million in 2012. 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 services’ morale, welfare and recreation programs with the other third used to build new stores or renovate existing facilities,” said the Exchange’s Senior Enlisted Adviser Chief Master Sgt. Tony Pearson. “This structure means that authorized customers are, essentially, ‘investors.’ Fortunately, thrifty shoppers rediscovering the value the Exchange offers allowed for a healthy return on their investment.”

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.

Customers who shop the Exchange’s brick and mortar stores or online at www.shopmyexchange.com 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 2012 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 2012 dividend of $224 million was distributed as follows:

Army: $127.8 million
Air Force: $74.7 million
Marines: $18.8 million
Navy: $2.7 million

TOTAL: $224 million




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


 
 

 

News Briefs February 27, 2015

Library closure The Base Library will be closing early Feb. 28 for an official function. Hours of operation will be 10:30 a.m. to 3 p.m. that day. For more information, call 661-275-2665. Blood drive The next American Red Cross Blood Drive on Edwards AFB is 10 a.m.-4 p.m., March 4 in the Chapel 1 Annex. Both...
 
 

Just American: A century of Black life

Black History Month, or National African American History Month, is an annual celebration of achievements by black Americans and a time for recognizing the central role of African Americans in U.S. history. The event grew out of “Negro History Week,” the brainchild of noted Harvard-trained historian Carter Woodson. Since 1976, every U.S. president has officially...
 
 

Leadership development program nominations due March 16

Nomination packages for majors and major-selects interested in the Defense Department 2015-2016 Executive Leadership Development Program are due to the Air Force Personnel Center by March 16, officials announced. The program, designed specifically for highly motivated officers who have demonstrated outstanding leadership ability, commitment to public service and integrity, and who have an inter...
 

 
Air Force photograph by Bobbi Zapka

C-12 pilots take to skies at Edwards

Air Force photograph by Bobbi Zapka Edwards AFB is home to the U.S. Air Force C-12 school house. Referred to as a split school house, when an individual is assigned to fly an Air Force C-12 Huron, they spend three weeks in Alab...
 
 
Air Force photograph by Jim Varhegyi

AF senior leaders caution against sequestration

Air Force photograph by Jim Varhegyi Air Force Chief of Staff Gen. Mark A. Welsh III answers a question about the fiscal year 2016 President’s Budget request during a hearing of the Senate Appropriations Subcommittee on D...
 
 

Soldier, retirees win big with Exchange’s ‘Your Holiday Bill Is On Us’ contest

The Army & Air Force Exchange Service made dreams come true for three grand-prize winners of the MILITARY STAR® “Your Holiday Bill Is On Us” sweepstakes—and for one young Soldier from Fort Bliss, winning has changed her life. As a grand-prize winner, Sgt. Kakala Loketi had her MILITARY STAR® account paid in full. During a...
 




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>