Building stronger financial futures for New Mexico residents.
Bank On New Mexico works to ensure that everyone has access to a safe, affordable bank or credit union account.
Led by the nonprofit Prosperity Works, Bank On New Mexico is a collaboration between banks and credit unions, nonprofit and community organizations, and government agencies to ensure that consumers have access to Bank On certified accounts. Together, we are working to encourage economic equity and expand access to safe and affordable accounts.
12% Native households,
10% Hispanic / Latinx households,
9% Black households,
5% Other households,
2% Asian and 2% White households
7%
Unbanked New Mexico Households
17% Underbanked New Mexico Households
BANK ON CERTIFIED ACCOUNTS ARE
Safe
These accounts do not allow overdraft or non-sufficient funds fees, so you’ll never be hit with a surprise fee.
Low Cost
Certified accounts are $5 or less per month, with no unpredictable fees.
Functional
Certified accounts always allow free deposits, free withdrawals, and free bill payments.
Our Coalition
Join us in connecting New Mexico residents to safe and affordable banking products.
Bank On New Mexico coalition members are working together to ensure that all households have access to safe and affordable bank accounts that meet their needs, allows them to increase assets, and strengthen their financial stability.
Community Partners
Bank On Burque – City of Albuquerque
BMO
CNM Ingenuity, Inc.
Community Action Agency of Southern New Mexico
Credit Union Association of New Mexico (CUANM)
Diersen Charities, a division of Dismas Charities
Enlace Comunitario
Federal Reserve Bank of Kansas City – Denver Branch
First Convenience Bank, a division of First National Bank Texas
Future Focused Education
Guadalupe Credit Union
New Mexico Asset Funders Network (AFN)
New Mexico Bank & Trust
New Mexico Immigrant Law Center (NMILC)
New Mexico State Treasurer’s Office
Nusenda Credit Union
Tax Help NM – United Way of North Central New Mexico
United Way of Southwest New Mexico
U.S. Bank
U.S Eagle Federal Credit Union
WaFd Bank
Wells Fargo Bank
Youth Development Inc. (YDI)
Featured Resources
New Mexico ranks third on the top 10 worst states for banking access
New Mexico ranks third on list of top 10 worst states for banking access. Read in the ABQ Journal here.
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CONTACT US
Have questions about Bank On, or want to get involved? Get in touch!