FHLBank Chicago reviews

3.2

48% would recommend to a friend

(167 total reviews)
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Michael Ericson

48% approve of CEO

57% positive business outlook

FHLBank Chicago has an employee rating of 3.2 out of 5 stars, based on 167 company reviews on Glassdoor which indicates that most employees have a good working experience there. The FHLBank Chicago employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

167 reviews
5.0
Sep 18, 2023
Recommend
CEO approval
Business Outlook

Pros

The Bank has focused on creating an engaged working culture and it shows. I thoroughly enjoy the people I work with and the environment I work in. The benefits package is excellent. Pension, 401k match, and substantial bonuses make it a very attractive place to work. There is also a lot of opportunity to move around in the Bank. They promote hiring internally.

Cons

Base pay could be higher. The pay for my position is average I would say, but I know there are other places that would pay more. The benefits package helps make up for this though.

1.0
Aug 26, 2023

A Pit of Vipers

Recommend
CEO approval
Business Outlook

Pros

1. The benefits package 2. The Chief Diversity Officer (CDO) lives the values of the bank and strives to ensure those values make it into greater bank staff 3. The bank’s staff and some of the management are some of the nicest people I’ve worked with.

Cons

1. Losers in the C-suite: The Executive team aside from the CDO gives off total insecure loser energy. With every decision, they choose personal vendetta & political score-settling amongst themselves over mission accomplishment and professional excellence for their teams & programs. This destroys morale throughout the bank. 2. Career Mismanagement: Once you join the bank, your career is no longer your own to guide. The Executive team is your puppet master and they will make sure you know it. They often promote from within their inner circle so that friendly comrades take on roles they are totally unqualified for. Meanwhile, demonstrated accomplishment will be given a pat on the head and told they are to be seen and not heard. I’ve seen the Executive team stunt individual’s growth paths so severely that those individuals can only work at the bank in their current role without undergoing substantial re-training to become market-ready again. They purposely block individual growth and advancement to create staff dependency on the bank because they will be uncompetitive back out in the open labor market.

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FHLBank Chicago Response
2y
We agree that our benefits, values, and commitment to DEI make FHLBank Chicago a great place to work. But our greatest assets are the talented employees who bring their whole selves to work each day to support our organization, our members and their communities. We invest in many areas for career growth – leadership training, DEI learning opportunities, our comprehensive performance management review process, evaluation and feedback from managers, team goals, bank-wide goals and professional development. Our staff and senior management adhere to a code of conduct and ethics policy. Additionally, there are various avenues for employees to provide feedback, including designated HR Business Partners assigned to each business group, employee resource groups, working groups, or during team meetings. There will always be room for improvement at any organization but we strive to be honest, respectful and treat one another fairly, it takes employees at all levels to provide input and identify areas for improvement.
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Glassdoor has 194 FHLBank Chicago reviews submitted anonymously by FHLBank Chicago employees. Read employee reviews and ratings on Glassdoor to decide if FHLBank Chicago is right for you.