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.

The company expands into the commercial business by acquiring Adams, Cooper & Marks and opens several branch offices.

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.

Lasting, leading, stable and strong.

Our Mission:
To be the best, most trusted receivables management company.

I.C.’s commitment to Our Employees and Our Community: “Our investment in our people represents our commitment to the belief that it is the people of I.C. System, just as much as our products and services, that have contributed to our success in the past and will continue to do so in the future.”

Professional Growth and Development – We place a great deal of emphasis on training and allow employees the opportunity to take advantage of the offerings available.

Employee Charitable Help Organization (ECHO) – I.C. System employees take great pride in their community and have formed ECHO to help those that are less fortunate. ECHO sponsors a variety of fundraising activities and events throughout the year. Through the help of all I.C. System employees ECHO has raised and contributed thousands each year. Some ECHO sponsored activities include:
Charity golf Tournament
Book Fair
Food Drives
Holiday Family Sponsorship
Fundraising raffles
Chili Cook Off

Icebreakers – This is the fun committee. At I.C. System, we believe in working hard and rewarding ourselves for that hard work. The Icebreakers commit plans and sponsors employee events throughout the year. Some events include:
Holiday Party
Holiday Craft Fair and Bake Sale
Company Picnic
Fall Football Tailgating Party

At I.C.System, total compensation is more than your paycheck. It's base pay along with health and dental benefits and other extras like tuition reimbursement, and 401(k) plans. Our market-competitive, performance-based total compensation package is designed to maximize value for the employee, be cost-effective for the company and reward employees for success.

Health Insurance

Dental Insurance

Life Insurance

Short Term Disability

Long Term Disability

Personal Time Bank

Holiday Pay

Savings Plus (401K)

Flex Time

Company Sponsored Training