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Cellular 5G Growth Benefits Credit Unions, Members and the Communities They Serve

By Jeff Muglia, Sales Director, Tetto 5G
July 21, 2023

Worldwide wireless networks are getting an upgrade with the arrival of fifth generation, or "5G," technology. As with previous wireless technologies, consumers can expect new applications and enhanced user experiences.

5G stands for the fifth generation of mobile communications. This next generation of technology enables consumers to enjoy faster data speeds with less latency and delays transmitting data. It also provides greater capacity and a more efficient wireless network.

Beyond mobile phones, 5G supports a growing number of connected devices that will improve the quality and efficiency of all sorts of products and services including financial services. 

5G technology can provide higher data speeds with less delay than 4G, sometimes referred to as 4G LTE. Some 5G services will provide coverage areas with data speeds up to 100 times faster and almost instantaneous response time.

Financial Inclusion in Rural Communities

Billions in federal budget dollars are allocated to increase broadband reach to underserved areas. To deliver 5G performance carriers need to be 30-50’ from the ground vs. traditional wireless cell sites (macro sites) which typically range from 100-300’ from the ground.

According to Fortune Business Insights, by 2035 when 5G’s full economic potential should be realized across the globe, a broad range of industries could produce up to $13.2 trillion worth of goods and services enabled by 5G mobile technology.

Credit unions can leverage 5G networks by improving the member experience, promoting broadband equity, enhancing cybersecurity and helping build the U.S. 5G Network.

5G enabled credit unions can boost the financial inclusion of rural communities. In the coming years, virtually everyone will have a device with 5G technology at their fingertips. According to, during the first quarter of 2021, global sales of 5G smartphones reached 133.9 million units, 458% more than the same period in 2020.

In addition to generating non-interest income by leasing space hosting 5G SmartPoles in parking lots, credit unions can leverage 5G networks by improving the member experience, promoting broadband equity, enhancing cybersecurity, and helping build the U.S. 5G Network.

For additional information on 5G benefits for credit unions and members, connect with Tetto 5G.

About Tetto 5G

Tetto 5G was formed by a multidisciplinary team of experienced real estate, telecom, legal, and business professionals who came together to help property owners capitalize on the 5G build-out. To deliver on the promise of revolutionary performance and the expansive coverage of 5G, wireless carriers are investing tens of billions in infrastructure. Tetto 5G connects the carriers with credit union locations enabling the connected society by bringing critical infrastructure to where people live, work, eat, shop, play, refuel, stay, bank and worship.