1930s - 1940s
Ruth Erickson and her husband Jack start I.C. System in 1938 on the guiding principle of giving their customers ethical, honest service...a concept that collection agencies in the 1930's never even considered.
The company signs the first statewide association endorsement with the Minnesota Retail Hardware Association.
1950s - 1960s
Ruth Erickson assumes control of the company after her husband dies in 1953.
The company takes on a huge risk of installing expensive automatic typewriters to produce personalized collection letters. When the typewriters were replaced in 1968, I.C. System became the first totally computerized collection agency in the country.
1970s - 1980s
The company grows explosively and I.C. System builds new corporate offices in Arden Hills, Minnesota.
I.C. System continues to expand in the '80s and in 1982 the company moved into its present headquarters in St. Paul, Minnesota, and opens its first branch office in Mason City, Iowa.
1990s - 2000s
The company continues to grow with over 30,000 clients from small regional companies to large national firms in a variety of industries.
I.C. System doubles in size from 2000 to 2005 and remains the largest family-owned, privately-held receivables management company in the U.S. Expansion includes the addition of branch offices in La Crosse, WI; and Fargo, ND.
2010 - Present
I.C. System welcomes 3rd generation family leadership and is certified as a Women-owned Business Enterprise while continuing its legacy of lasting, leading, stable and strong performance for clients in the receivables management industry.