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 October 24, 2014

M4/M9 Firing Range closure The Edwards AFB Combat Arms Firing Range is closed for M4 and M9 firing until further notice. Any required firing for PCS or deployments will temporarily be accomplished at March ARB, Calif. To schedule training, contact the Combat Arms section at 661-277-2103. It is strongly recommended that all firing be scheduled as soon...
 
 
town-hall

Edwards community holds town hall meeting

Air Force photograph by Jena Romo Col. Eric Leshinksy, 412th Mission Support Group commander, addresses the audience at a town hall meeting Oct. 15 at the Airmen and Family Readiness Center. The Edwards community gathered at th...
 
 
Instagram by Master Sgt. Sonny Cohrs

Online vigilance helps reduce risk

Instagram by Master Sgt. Sonny Cohrs The Air Force reminds us not to post information about deployment departures, locations, and on-going operations. However, even a simple photo of your family pet can reveal personal informat...
 

 
Air Force photograph by Rebecca Amber

Gathering of Eagles honors 70 years of TPS

Air Force photograph by Rebecca Amber Brig. Gen. Michael Brewer, 412th Test Wing commander, offered the closing remarks for the event, reminding the audience that fundraiser is about preparing for the future. The Flight Test Hi...
 
 
commissary

Giving ‘gift of groceries’? Think Commissary gift cards

No matter the occasion, Commissary gift cards are always available to help family members, friends and organizations give the gift of groceries. “Our gift cards are versatile,” said Randy Chandler, the Defense Commi...
 
 
Air Force photograph by Christian Turner

AFMC command chief visits with Edwards Airmen

Air Force photograph by Christian Turner Chief Master Sgt. Michael J. Warner, Air Force Materiel Command command chief, speaks to enlisted Airmen at Club Muroc Oct. 15. Warner held two enlisted calls speaking to junior Airmen i...
 




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>