The Australian Defence Force CU, is a successful mutual organisation for members of the Australian Defence Force. Although it specifically operates for civilian employees of the Department of defence, Defence contractors and their families, it is also open for other people to join. The financial co-operative was established in 1959 and is headed by a board of directors which are elected by the organisations members. As with most mutual organisations each member of the Australian Defence Force CU acts as both customer and shareholder. Their product range includes credit cards, savings accounts and transaction accounts.