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.


 
 

 
F35

F-35 returns to limited flight, officials rule out Farnborough

Air Force photograph by Jet Fabara While the F-35 Lightning II joint strike fighter has returned to limited flying, it will not be appearing at the Farnborough International Airshow in the United Kingdom, Pentagon Press Secreta...
 
 

Air Force creates Air Force Installation and Mission Support Center

The Air Force is centralizing its installation support management within a newly created Air Force Installation and Mission Support Center, Air Force officials announced July 14. The change resulted from a comprehensive effort to reduce overhead costs, increase efficiencies, eliminate redundant activities, improve effectiveness and business processes and will help meet the Department of Defense...
 
 

Air Force announces changes to headquarters organization

Air Force leaders announced changes to headquarters staff manning and organization July 14. The Air Force will create efficiencies by deactivating and realigning organizations at Headquarters Air Force, Major Commands, Numbered Air Forces and Field Operating Agencies, resulting in savings of $1.6 billion across the Air Force in the next five years. “I will work...
 

 

July 7 Pulse on AF force management

WASHINGTON – Featured in this force management update are details regarding civilian force management program expansions and ongoing officer early retirement and enlisted retention boards. Civilian force management – voluntary early retirement authority (VERA) /voluntary separation incentive pay (VSIP) The Air Force Personnel Center recently concluded the survey period for VERA/VSIP...
 
 

Airmen encouraged to review vRED

JOINT BASE SAN ANTONIO-RANDOLPH, Texas -¬†When Airmen go through major changes in their life, such as marriage, a permanent change of station, or having a child, one of the first things that should come to mind is, “I have to update my Virtual Record of Emergency Data,” or vRED. While this is not always the...
 
 

The power of the Military Consumer

Due to the recent trends and the financial challenges of military life, the Department of Defense has teamed up with the Federal Trade Commission, who has partnered with other organizations to form the Military Consumer, a campaign to empower you the consumer to be informed and promote financial readiness. It officially starts July 16 and...
 




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>