FHLB Des Moines reviews

3.8

74% would recommend to a friend

(70 total reviews)

Kris Williams

80% approve of CEO

67% positive business outlook

FHLB Des Moines has an employee rating of 3.8 out of 5 stars, based on 70 company reviews on Glassdoor which indicates that most employees have a good working experience there. The FHLB Des Moines employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

70 reviews
1.0
Jun 26, 2020
Recommend
CEO approval
Business Outlook

Pros

Compensation, literally that is it as other reviewers have also noted.

Cons

Beware of this company especially in IT. Their management is inept and every department is on different wavelengths. HR is completely incompetent and will dismiss any issue you may have. They claim to be “diverse and inclusive” but beware, this is ONLY a claim. They do not follow what they preach in terms of values. I have never worked in a more hostile environment in my 20 years of employment. If their upper management do not like you or you speak up? You will be fired. I saw it happen 20+ times in my four years there. And that’s just the ones I knew about. The management is a boys club and the women to do get there? Well they suck it up and deal with it but they talk about it behind the men’s backs. The company is completely gossip tolerant and cliquey, It felt like high school. I strongly suggest not working for this company unless you enjoy horribly out of date IT practices (think waterfall/hybrid at the worst extreme), they hate suggestions or change, and if you speak up? You’re out. It’s a mess of a company especially the IT department as of now. Their old CEO brought in a consultant and created chaos right before he left (or was pushed out as most people say...). Hopefully the new CEO sees through the managers and HR department to see how corrupt and inept they are. Avoid working here at all costs. Trust me.

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FHLB Des Moines Response
5y
We appreciate your feedback. Over the last year, there have been changes to our leadership team. Although we’ve had changes in leadership, our values have not changed nor has our commitment to diversity and inclusion. The Bank’s culture is built on diversity and inclusion. We believe it’s important to ensure all voices, perspectives and experiences are heard. And, we’re continuing our work to ensure that diversity and inclusion penetrates all areas of our business – both inside and outside the Bank. I’m sorry you felt like your concerns were not addressed. We want any employee to say something if they see a situation that is not consistent with our values. We have several ways for employees and leaders to say something if they see something not consistent with our values. Please feel free to contact me directly (nbetz@fhlbdm.com) if you’d like to discuss your experience. My door is always open whether you’re employed at the Bank or not. Nancy Betz, Chief HR and Administrative Officer, FHLB Des Moines
3.0
Nov 30, 2019
Recommend
CEO approval
Business Outlook

Pros

Helpful people and friendly culture

Cons

Lots of projects and none gets done.

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FHLB Des Moines Response
6y
Thanks for taking the time to share your thoughts! We agree, the Bank is filled with helpful, friendly people. And, we appreciate the feedback on projects as well. Recently, we've made changes to refine our processes around projects and we have no doubt we'll continue to get better in this area.
4.0
Aug 21, 2019
Recommend
CEO approval
Business Outlook

Pros

Good benefits and good communication

Cons

Bad location and only good for raise a family

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FHLB Des Moines Response
6y
Thanks for taking time to leave a review. We're enjoying our new building and all of the amenities it has here in Des Moines. We're sorry you don't share the same passion for Central Iowa that we have. But, we sure hope you'll reconsider and give Des Moines another chance.
Viewing 37 - 39 of 70 Reviews

Glassdoor has 103 FHLB Des Moines reviews submitted anonymously by FHLB Des Moines employees. Read employee reviews and ratings on Glassdoor to decide if FHLB Des Moines is right for you.