Finance

Who are your competitors?

by Christopher Liechty | January 26, 2015

Markets change. After long periods of stability, one or more entrepreneurial disrupters enters the market and puts its stamp on an industry. Some of the old guard will fade away, some will adapt, and the new guard will take control. Eventually, after some time passes, the new guard becomes the old guard and the market is primed for another batch of disrupters. Rinse and repeat.

In consumer finance, we’ve watched this process over the years. Interestingly, many of the disruptions today look a lot like the disruptions of yesterday. And unlike consumer electronics or durable goods, consumer finance changes are generally only about delivery. For example, nobody is launching a device in consumer finance that changes the world, altering work and personal habits like the iPhone did. Instead, new websites and web-based apps are launched, electronic documents are embraced, or creative ways to get credit in the hands of consumers are offered. But we’re still doing the same thing: giving money to others today with the expectation that it will be paid back tomorrow.

Often in the past, market disrupters in consumer finance focused on the old guard’s conservative evaluations of risk. The new entrants designed shiny mousetraps and found that they snapped closed pretty effectively. After a few tests, they took the market by storm. But a couple years later, while the old mousetraps were still snapping closed in their dull, repetitive ways, the shiny new mousetraps were failing. The market had turned but the old guard survived. (Wait – is it supposed to happen that way?)

How does this work in contracting? We’ve watched specialist contractors take center stage only to be replaced by generalists and then back to specialists again. But that’s essentially delivery. Are the disruptions in the market coming from new home improvement products? For example, we saw the days when triple-pane windows were en vogue, followed by the products to facilitate “aging in place” and after that everyone started jumping into residential solar.

Today, the latest entrants into consumer finance are the technology companies. They have some shiny new mousetraps to offer. Who are the latest entrants in remodeling and replacement contracting? Who are your competitors? Where are the next market disruptions coming from?

[/vc_column_text][/vc_column][/vc_row]

Home Improvement

Hours of Operation Monday – Friday
8am – 6pm MT
Saturday
9am – 4pm MT

Holiday Closures

Please note: Holiday closures are not the same for the Recreation and Home Improvement Departments.

  • New Year’s Day
  • Labor Day
  • Memorial Day
  • Thanksgiving
  • Independence Day
  • Christmas
  • New Year’s Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving
  • Christmas
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT
  • Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT

    Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    Saturday after Christmas,
    December 27, 2025
    – Closed
  • New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

    Saturday After New Years,
    January 3, 2026
    – Closed

Home Improvement Application Processing Open as Follows

Home Improvement loan application processing is open on the following holidays. All other departments are closed.

  • Martin Luther King Jr. Day
  • Columbus Day/Indigenous Peoples’ Day
  • Presidents’ Day
  • Veterans Day
  • Juneteenth
  • Martin Luther King Jr. Day
  • Presidents’ Day
  • Juneteenth
  • Columbus Day/Indigenous Peoples’ Day
  • Veterans Day

Recreation

Hours of Operation Monday – Friday
8am – 5pm MT
Closed Weekends

Holiday Closures

  • New Year’s Day
  • Labor Day
  • Martin Luther King Jr. Day
  • Columbus/Indigenous Peoples’ Day
  • Presidents' Day
  • Veterans Day
  • Memorial Day
  • Thanksgiving
  • Juneteenth
  • Christmas Day
  • Independence Day
  • New Year’s Day
  • Martin Luther King Jr. Day
  • Presidents' Day
  • Memorial Day
  • Juneteenth
  • Independence Day
  • Labor Day
  • Columbus/Indigenous Peoples’ Day
  • Veterans Day
  • Thanksgiving
  • Christmas Day
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT

    Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT
  • Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

Borrower Services

Hours of Operation Monday - Friday
8am-11pm MT
Saturday
9am-1pm MT

Holiday Closures

:
  • New Year's Day
  • Thanksgiving
  • Memorial Day
  • Christmas
  • Independence Day
  • New Year's Day
  • Memorial Day
  • Independence Day
  • Thanksgiving
  • Christmas

Welcome to Our New Website

Welcome to the newly redesigned MedallionBank.com. Our website now features a fresh look and includes a dedicated FAQ page for borrowers, as well as new content for strategic partners.

We would like to hear from you.

We value your feedback and always want to learn how we can improve. Please submit thoughts about your experience with Medallion Bank here:

Submit Feedback

Give us a review

We invite you to share your experience with Medallion Bank on one of the websites listed below. Your reviews and feedback are important to us!