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Prosperity Works
  • About Us
    • Mission, Vision, & Values
    • Our Commitment to Antiracism
    • Our Team
    • Our Board of Directors
  • Initiatives
    • Child Development Accounts
    • Individual Development Accounts
    • Fair Lending Options
    • Safe Accounts & Loans
    • Sustainable Household Energy Management
    • Community Solar
    • Impact
  • Advocacy
    • Legislative Agenda
    • Issues In Depth: Predatory Lending
  • Our Partners
    • New Mexico Assets Consortium Resource Guide
  • News & Media
    • Newsletters & Blog Posts
    • Annual Report
    • Testimonials
  • Donate
    • Energy Equity Day
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    • Donate Stock & Fund Shares
    • Donate Your Vehicle
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Give Now

Individual Development Accounts

What are Individual Development Accounts?

Individual Development Accounts (IDAs) are matched savings accounts for individuals interested in saving for a change-making asset—like a home or home repair, business, vehicle, or post-secondary education. We created our IDA initiative to help empower hardworking families through financial capability training to save, invest, and accumulate assets—to enhance their household’s long-term socioeconomic health and wellbeing.

​As part of our IDA initiative, ​IDA holders (future savers!) are required to complete a financial education program offered through our network of local, community-embedded nonprofit organizations, which are part of the New Mexico Assets Consortium.

Assets like a home, degree, or small business can promote long-term financial solvency and bridge generations. 
Learn More about the impact of IDAs

IDA Partners

Financial Institutions

  • CAASNM
  • CNM
  • Eastern Agency Regional Business Development Center
  • Encuentro 
  • Father's Building Futures
  • Gaia Poiesis, Inc.
  • Greater Albuquerque Habitat for Humanity
  • Home Together
  • Homewise
  • Lutheran Family Services
  • NM Caregivers in Action 
  • NM Caregivers Coalition
  • Partnership for Community Action 
  • Santa Fe Habitat for Humanity
  • Saranam
  • Supportive Housing Coalition
  • Zuni Housing



IDA Resource Organizations

  • Century Bank
  • Enterprise Bank and Trust
  • First American Bank
  • First Financial Credit Union 
  • Guadalupe Credit Union
  • Rio Grande Credit Union 
  • Southwest Capitol Bank
  • CNM
  • Encuentro
  • Hispanic Cultural Center
  • Homesmart
  • Homewise
  • New Mexico Highlands University 
  • New Mexico Tech
  • New Mexico State University
  • SBDC
  • University of New Mexico 
  • Western New Mexico University
  • WESST

IDA Savers Share Their Stories

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  • About Us
    • Mission, Vision, & Values
    • Our Commitment to Antiracism
    • Our Team
    • Our Board of Directors
  • Initiatives
    • Child Development Accounts
    • Individual Development Accounts
    • Fair Lending Options
    • Safe Accounts & Loans
    • Sustainable Household Energy Management
    • Community Solar
    • Impact
  • Advocacy
    • Legislative Agenda
    • Issues In Depth: Predatory Lending
  • Our Partners
    • New Mexico Assets Consortium Resource Guide
  • News & Media
    • Newsletters & Blog Posts
    • Annual Report
    • Testimonials
  • Donate
    • Energy Equity Day
    • Leave a Legacy
    • Donate Stock & Fund Shares
    • Donate Your Vehicle
  • Contact Us
    • Volunteer Opportunities
  • Give Now