The Australian Mutuals Foundation (AMF) was registered by the Australian Charities and Not for Profit Commission (ACNC) in October 2016. It was established by Select & Encompass Credit Unions (now Endeavour Mutual Bank) following their merger in 2016. AMF is a registered company limited by guarantee. It is also a registered charity which has received deductible gift recipient status from the Australian Tax Office, allowing tax-deductible donations from corporate or individual donors. The primary purpose of the AMF is to provide a vehicle for Mutual Banks, Credit Unions, Building Society and Cooperative banking to assist needy children in Australia, and to alleviate poverty in some of the poorest communities in South East Asia and the Pacific by the creation of sustainable cooperative financial organisations.