Why we advocate

Poverty in New Mexico will not be replaced by prosperity without fundamental changes in attitudes, behaviors and systems.  Hard working, limited-income New Mexicans are doing their part to save and invest in their futures through Individual Development Accounts (IDA’s) and Children’s Savings Accounts (CSA’s). Banks, credit unions, the business community, regulators, and policy makers also have a key role to play. New Mexico’s economy, our government, and our business community should provide opportunities for all our families to get ahead.

Where we advocate

Every day, elected officials and policy makers at the city, county, state and federal levels make decisions that affect the quality of life and opportunities of limited- income New Mexicans. Business and other leaders make similarly impactful decisions. Those decisions can either pave the way towards, or create roadblocks to, prosperity.

We advocate with legislators and commissioners; with banks, credit unions, and business leaders; and with utility companies and their regulators (such as the Public Regulation Commission in New Mexico).


  • Prosperity Works advocated successfully for the state legislature to provide $250,000 per year for New Mexico Individual Development Accounts.
  • As a result of PW’s legislative advocacy New Mexico’s youth can now start saving for their future by opening an IDA account.
  • Prosperity Works’ advocacy resulted in a law that prevents utility companies from disconnecting service to limited-income households during the winter months. Click here to read more about our Energy Initiatives.
  • Prosperity Works advocates for banks and credit unions to be more responsive to the needs of working families.  In response, First Financial Credit Union now offers a new type of loan designed to give limited- income New Mexicans an alternative to taking out very high interest “pay day loans”.
  • As a result of PW’s legislative advocacy New Mexico’s high-interest, short term loan industry are covered by the “all in” cap rate of 175%…that means Title, Pay Day, Installment and Refund Anticipation Loans.  They are also subject to the same reporting requirements.  Our estimates are that this will save New Mexicans $500 million over the next two years.

What We’re Working on Now

  • Prosperity Works and True Connect Loans are now ready to roll out the employer based product at 24.9% which is now operational in Doña Ana County and the Town of Bernalillo.  This secured loan is paid back directly from your paycheck! Public entities of any size and private entities of 200 employees or more are eligible.