FHLB Indianapolis reviews

4.0

70% would recommend to a friend

(41 total reviews)
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Cindy Konich

90% approve of CEO

75% positive business outlook

FHLB Indianapolis has an employee rating of 4.0 out of 5 stars, based on 41 company reviews on Glassdoor which indicates that most employees have a good working experience there. The FHLB Indianapolis 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

41 reviews
5.0
Jan 4, 2024

Great Company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Company is employee first. Lots of perks from a benefits perspective for employees.

Cons

Heavily regulated enviornment givent the type of work the Bank does.

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FHLB Indianapolis Response
2y
Thank you for letting us know of your experience. We truly value our employees and their experiences at the Bank. Our employees are the Bank’s greatest asset. We are a regulated entity which comes with its own expectations and requirements; however, it also helps ensure we are a safe and sound organization, resulting in a stable environment for our employees and our members.
2.0
Nov 6, 2023

Quid pro quo culture.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Salary, benefits, opportunity to learn about industry

Cons

Exec management team has some great people managers and genuine technical experts, also has some Machiavellian individuals that are always waiting for the next opportunity to promote themselves. These couple of players smile to leadership and the board but continue to be very aggressive and punitive to staffers they depend on. Weird world. Almost all officer promotions are political trades (i.e. I will approve your candidate if you approve mine) or DEI check offs. There are some employees that have been there 10+ years that are always pulled in to fix problems but have never even been considered for a AVP title because it doesn’t help the SVP in some way. Similarly that are officers that have the hardest jobs on the books and don’t get any additional credit or promotions because someone actually had to get the job done. For example, you have 25+ year operations experts for major business lines and functions overlooked in succession planning in favor of EVP and SVP favorites. You have brand new managers from completely unrelated functions being named to manage credit service or other highly technical functions where subject matter expertise is needed in addition to management know-how. That just puts extra work on everyone else because they don’t know what they’re doing and aren’t being put in a place to succeed. They get stressed and everyone else gets resentful, and their supervisor, who was not given a day in the hiring matter, gets more work and more stress. CEO is obsessed with DEI politics and hiring and then wonders why employees are all unhappy, including the DEI candidates that get pulled into the middle of this mess.

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FHLB Indianapolis Response
2y
We appreciate your feedback as we look to continue those things that we do well and improve in areas where there's opportunity. The Bank’s DEI efforts have helped us grow tremendously over the past several years as it relates to company culture, inclusion and engagement, but it’s still a journey that we continue to improve upon. The Bank hires very talented and technical individuals but being a smaller organization, not everyone can be officers; however, that does not minimize the importance of the work our employees do every day.
1.0
Oct 25, 2023

Beware

Recommend
CEO approval
Business Outlook

Pros

You do learn a lot

Cons

They hire inexperienced new management at the Sametime they hire their direct reports

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FHLB Indianapolis Response
2y
Thank you for your comments. We appreciate your feedback as we look to continue those things that we do well and improve in areas where there's opportunity. We are invested in continuous learning and development for all staff providing various training opportunities with input from management and leadership. Additionally, we have established a thorough and efficient onboarding process for new employees, along with Business Partner support for management, that allow them to get acclimated to their roles and help them become contributing members to the organization.
Viewing 7 - 9 of 41 Reviews

Glassdoor has 53 FHLB Indianapolis reviews submitted anonymously by FHLB Indianapolis employees. Read employee reviews and ratings on Glassdoor to decide if FHLB Indianapolis is right for you.