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.


 
 

 

AFMC Employee Assistance Program services

Personal problems can affect the lives of employees both at home and at work. To help prevent, identify and resolve potential stressors or issues, Air Force Materiel Command partners with Federal Occupational Health to provide our Employee Assistance Program services. EAP services are offered free (limitations apply) to civilians and their family members. The EAP...
 
 
GWOT

GWOT Expeditionary Medal

U.S. Air Force photo by Steve White JOINT BASE SAN ANTONIO-RANDOLPH, Texas–Active duty, Air National Guard and Air Force Reserve Airmen who earned the Global War on Terrorism Expeditionary Medal for more than one of the f...
 
 

Raptor change of command

Air Force photograph by Edward Cannon Left to right: Col. Rod Todaro, 412th Operations Group commander, along with Lt. Col. Randel Gordon, pose for a photo after he accepted the 411th Flight Test Squadron guidon, signifying the assumption of command June 5, 2015. Gordon takes over from Lt. Col. Devin Traynor. The 411th FLTS oversees...
 

 

AF focuses 3rd round of VERA/VSIP for civilians

In an effort to lead its force management actions with voluntary programs, Air Force officials announced a third round of civilian workforce shaping measures beginning June 15. The measures are necessary to meet the Air ForceĆ­s headquarters organization and staffing reductions, which were designed to eliminate redundant activities, improve efficiencies and satisfy previous secretary of...
 
 

Cyber breach

The ongoing cyber breach is an OPM (www.opm.gov) matter and any queries should be referred to OPM. OSD has set up a web page (www.defense.gov/news/newsarticle.aspx?id=128981) to give federal employees all the information currently available. Through June 19, OPM will be sending emails to personnel they believe may have been affected by the recent OPM hack....
 
 
Air Force photograph by Wesley Farnsworth

Pawlikowski assumes leadership of Air Force Materiel Command

Air Force photograph by Wesley Farnsworth In the time-honored military tradition signifying assumption of command, Air Force Chief of Staff Gen. Mark. A. Welsh III passes the Air Force Materiel Command guidon, or unit flag, to ...
 




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=""> <s> <strike> <strong>