Does FHLBank Chicago pay their employees well?

According to anonymously submitted Glassdoor reviews, FHLBank Chicago employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at FHLBank Chicago. This rating has decreased by 7% over the last 12 months.

How satisfied are employees working at FHLBank Chicago?

48% of FHLBank Chicago employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated FHLBank Chicago 3.2 out of 5 for work life balance, 3.2 for culture and values and 2.8 for career opportunities.

What are the top reviewed jobs at FHLBank Chicago?

Analyst (8) , Intern (5) , Manager (5) , Intern - Hourly (3) , Internship (3) , Risk Analyst (3) , Rotational Analyst (3) , AVP-Operations (2) , Associate (2) , Business Analyst (2) , Director (2) , Executive Assistant (2) , IT Engineer (2) , Senior Accountant (2) , Senior Analyst (2)

What are the pros of working at FHLBank Chicago according to real employee reviews?

"Good Benefits and 401K Plan" ((in 33 reviews)); "Great people to work with." ((in 20 reviews)); "Offers good work life balance" ((in 8 reviews)); "Salary is GOOD" ((in 7 reviews)); "Everyone was always willing to help you out but also gave you enough space to work independently." ((in 4 reviews))

What are the cons of working at FHLBank Chicago according to real employee reviews?

"Management somewhat detached." ((in 10 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 7 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 6 reviews)); "Pay not as high as market rates" ((in 5 reviews)); "senior leadership must wake up now!! management dont seem to care as long as they win diversity awards." ((in 5 reviews))

What are employees saying about FHLBank Chicago layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about FHLBank Chicago layoffs and their outlook for job security at FHLBank Chicago in 2026.

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FHLBank Chicago

FHLBank Chicago reviews

Boring place, no growth. That's ok, but Upper Mgmt needs to turn - IT Architect FHLBank Chicago Employee Review

1.0

Mar 7, 2022

It architect

Recommend

CEO approval

Business Outlook

Pros

-Ok benefits -Laid back environment -Flexible work schedule

Cons

It being such a small company and highly regulated, you can start a career here and be part of the company for life. However, don't expect to move up quickly if that's what you want. Place is having a ton of turnover after covid made a lot realize corporate is dead. Upper management needs to be more diverse and they know this, changes will happen soon I hear. Basically, Senior mgrs and up are taken care of. There's a big gap in compensation between workers and entry level managers. They created these titled to make you think otherwise but dont be fooled.

FHLBank Chicago Response

We take great pride in our award winning benefits, culture, and flexible blended operating model. Hundreds of our employees joined FHLBank Chicago in one role and moved up and through multiple positions across our various departments through their career growth. In addition to many growth opportunities, we invest heavily in professional development for all employees to achieve their career goals. Our employees, our members, and their communities are diverse, and we celebrate that diversity by fostering a culture where all are engaged, respected, and given equitable opportunities to succeed.

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5.0

Feb 20, 2026

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

I enjoy my job, work with wonderful people, and feel valued at work. The office is nice. Happy with the benefits and events at work.

Cons

My experience has differed from many recent negative reviews - the company is pretty siloed, and culture seems to vary significantly across departments. I agree with the previous reviews about HR being hostile.

FHLBank Chicago Response

4mo

We are proud to provide a collaborative and supportive workplace for employees. Our competitive benefits, ample learning opportunities, and inclusive culture ensure employees feel valued in their roles. We recognize that consistency across departments is important and continue to focus on strengthening collaboration and alignment across the organization. We always encourage employees to share their perspectives through our internal channels for any concerns they have so we can continue to evolve our ways of working with each other and in support of our mission.

3.0

May 15, 2026

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Nice office space at the OPO

Cons

Miss the 2 days at home option.

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Jobs at FHLBank Chicago

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FHLBank Chicago

Boring place, no growth. That's ok, but Upper Mgmt needs to turn - IT Architect FHLBank Chicago Employee Review

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