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.


 
 

 

Air Force waives renters insurance obligation in privatized housing

Airmen signing a lease to live in privatized homes on base may no longer be covered by a renters insurance provision, due to a recent Department of Defense change in basic allowance for housing. The Department of Defense opted to eliminate the renters insurance component of BAH, an average of $20 dollars each month per...
 
 
afmc-cyber

Special Program emerges to combat cyber insider threats

The Mission Solutions Analysis team from Hanscom Air Force Base, Mass., developed the Insider Threat Universe model used to describe how certain technologies protect, in part, the Air Force’s secure networks. It’s n...
 
 

Time to apply for summer jobs

The Air Force Summer Employment Program is a great opportunity to mentor or coach future federal employees. Edwards AFB has summer job opportunities in the clerical, lifeguard, engineer technician and general laborer fields. For job postings and application information, please visit https://www.usajobs.gov. Resumes will not be accepted at the Edwards Civilian Personnel Section. Summer hire app...
 

 
Air Force photograph by Ethan Wagner

Top Acquisition official, nominee for AFMC command, visits Edwards

Air Force photograph by Ethan Wagner Lt. Gen. Ellen M. Pawlikowski, Military Deputy, Office of the Assistant Secretary of the Air Force for Acquisition, is greeted by Col. Robert Lepper, 412th Maintenance Group commander, durin...
 
 

Our Air Force – diverse in thought, word and deed

The Air Force has a rich heritage built on the pillars of diversity and innovation. After African American History Month came to a close and we look on to honor women’s history this month, I’d like to reflect on the word diversity. Diversity is often equated to minority, but it’s more than that — diversity...
 
 

412th FSS team finishes undefeated, claims intramural title again

Air Force photograph by Kristen Haidle The 412th Force Support Squadron team poses for a victory photo with 412th Mission Support Group leadership after claiming the 2015 Intramural Basketball Championship title March 3 at the Rosburg Fitness Center. The 412th FSS defeated the 412th Security Forces Squadron 59-54 and remained undefeated to end the season...
 




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>