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 August 15, 2014

Fitness Center open Effective Aug. 16, the Rosburg Fitness Center will be open 8 a.m.-8 p.m., Saturdays. For more information, call 661-275-GYM1. CHP, LAPD entrance exam There will be law enforcement opportunity briefs by the California Highway Patrol and entrance exam testing with the Los Angeles Police Department Sept. 9 at the Airman & Family...
 
 
tobacco

Tobacco cessation in-person group classes

Quitting tobacco use can be an uphill battle, but fortunately there are resources to help you overcome this battle. The Health and Wellness Center at Edwards AFB offers confidential small group cessation classes based on the Am...
 
 
school

Edwards Air Force Base schools

Edwards Air Force Base school students return to the classroom Aug. 18. Base officials want to remind Team Edwards to obey posted speed limits and watch out for children walking to and from school.
 

 

Victim Advocate of the month

Name: Staff Sgt. Eli Rodriguez Duty title: Project “Speckled Trout” crew chief Organization: 412th Flight Test Squadron Years in the Air Force: Seven Hometown: Phoenix, Ariz. Why did you become a volunteer victim advocate? I volunteered to be a victim advocate to become part of something that helps the entire community and helps foster a...
 
 
Air Force photo by Rebecca Amber

Education Center hosts 2014 annual education fair

Air Force photo by Rebecca Amber Renetta Watts, University of Maryland Advanced Military Education coordinator, shares school brochures at the annual Education Fair Aug. 13. Watts represented one of 59 schools at the fair that ...
 
 
Air Force photograph by Rebecca Amber

New AF Inspection System changes inspection culture

Air Force photograph by Rebecca Amber Kimberly Strong, 412th Test Wing Inspector General Wing Inspection Team lead, works in the new Management Inspection Communication Tool. Strong is instrumental in organizing Wing Inspection...
 




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>