The polarized ion source at the cooler synchrotron facility COSY of the research centre Jülich in Germany delivers negative polarized protons or deuterons for medium energy experiments. The polarized ion source, originally built by the universities of Bonn, Erlangen and Cologne, is based on the colliding beams principle, using after an upgrade procedure an intense pulsed neutralized caesium beam for charge exchange with a pulsed highly polarized hydrogen beam. The source is operated at 0.5 Hz repetition rate with 20 ms pulse length, which is the maximum useful length for the injection into the synchrotron. Routinely intensities of 20 µA are delivered for injection into the cyclotron of the COSY facility. For internal targets the intensity of 2 mA and a polarization up to 90% have been reached. Reliable long-term operation for experiments at COSY for up to 9 weeks has been achieved. Since 2003 polarized deuterons with different combinations of vector and tensor polarization were delivered to experiments.