FHLB Indianapolis reviews

4.0

70% would recommend to a friend

(41 total reviews)
avatar

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
May 14, 2020
Recommend
CEO approval
Business Outlook

Pros

Tuition Assistance, Student Loan Repayment Programs, good 401k match, floating holidays, great sick leave policy.

Cons

Bank hours and bank culture can be rigid when not interfacing with banks.

avatar
FHLB Indianapolis Response
4y
Thank you for your comments. Competitive pay and benefits, as well as strong work culture, are priorities for us. We appreciate your feedback as we look to continue those things that we do well and improve in areas where there's opportunity.
5.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook

Pros

1. It's a small company in the number of employees. This enables the company to move quickly to respond to customer needs. 2. Has very well educated and trained workforce in finance, accounting, and IT roles 3. The company leverages technology as a strategic tool 4. Defined pension plan, Matching 401K, Gain-sharing, 10-12 major holidays a year, along with ample vacation time, and tuition reimbursement 5. The company participates in community activities (financial and employee participation) 6. The location is great - Indianapolis is easy to get to and get out of an d is very inexpensive to live

Cons

Over regulated - Examiners, external audit, internal audit No flex schedule - too small

avatar
FHLB Indianapolis Response
4y
Thank you for letting us know of your experience. We truly value our employees and their experiences at the bank.
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.

avatar
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.
Viewing 10 - 12 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.