In May 1983, the doors opened for the first time for CreditAmerica Savings Company in Brainerd, Minnesota, as a regulated lender. In less than one year, April 1984, CreditAmerica Savings became chartered by the State of Minnesota as an Industrial Loan and Thrift Company with deposit-taking powers. At that time, a private insurance company insured our customers' deposits. Growth came quickly, with a new office being opened in St. Cloud, Minnesota, in December 1984. The Federal Deposit Insurance Corporation (FDIC) began to insure our depositors' funds in January 1986.