The Cooperative Association of Tractor Dealers, Inc. (CATD) was incorporated in 1981, to provide Caterpillar dealers with consistent, low cost, short-term financing to fund the acquisition of inventory and other normal business expenses.

CATD operates as a non-profit cooperative. It distributes its net earnings attributable to the patronage of its borrowers each year as Patronage Dividends.

Eligibility for Membership: Shareholder status in CATD (also referred to as “membership”) is open to any heavy equipment dealer which is (1) a party to a sales and service agreement with Caterpillar, (2) a licensee of the right to do business under a sales and service agreement with Caterpillar or (3) the wholly owned subsidiary of a company which is a party to a sales and service agreement with Caterpillar.  In addition, a company which is a party to a sales and service agreement with Caterpillar and owns (directly or through controlled entities) 100% of the ownership interests of a Caterpillar heavy equipment dealer may become a member.

No member is permitted to own more than one share of CATD stock and each member has one vote on each matter presented to the shareholders.