• February 1, 2015

Fort Hood Exchange generates $3.8M dividend

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Posted: Wednesday, August 28, 2013 4:30 am

The Fort Hood Exchange is paying dividends in more ways than one as soldiers and their families exercising their benefit by dining and shopping at Exchange facilities last year generated a dividend of $3,805,243.

These funds are critical to Army Installation Management Command Morale, Welfare and Recreation’s ability to enhance local programs and facilities at Fort Hood including Belton Lake Outdoor Recreational Area, the Courses of Clear Creek and Phantom Warrior Lanes Bowling.

“Historically, roughly two-thirds of Exchange earnings are paid to Morale, Welfare and Recreation programs with the other third used to build new stores or renovate existing facilities,” said Paula Gunderson, the Fort Hood Exchange’s general manager. “This structure means that authorized customers are essentially our ‘investors.’ Fortunately, thrifty shoppers rediscovering the value the Exchange offers allowed us to provide a healthy return on their investment.”

Purchases made in the past 10 years have provided more than $2.4 billion to military programs such as Child, Youth and School Services, post functions, gyms and aquatic centers.

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