Community Financial Institution (CFI)

An institution that has its deposits insured under the Federal Deposit Insurance Act with average total assets over the preceding three-year period below a defined threshold, as adjusted annually by the Federal Housing Finance Agency. The Housing and Economic Recovery Act of 2008 increased the size of CFIs to $1 billion in assets from the previous limit of $625 million. As of January 1, 2022 the Federal Housing Finance Agency has increased the current CFI asset cap to $1.323 billion.