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 29 reviews)); "Great people to work with." ((in 19 reviews)); "Great work life balance." ((in 11 reviews)); "Good pay and respectable staff" ((in 6 reviews)); "Salary is GOOD" ((in 6 reviews))

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

"Management somewhat detached." ((in 10 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 7 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 7 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

3.2

48% would recommend to a friend

(167 total reviews)

Michael Ericson

48% approve of CEO

57% positive business outlook

Ratings by category

3.5

Compensation and benefits

3.2

Culture & values

3.2

Diversity & inclusion

3.2

Work/Life balance

2.8

Senior management

2.8

Career opportunities

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).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

167 reviews

5.0

Mar 31, 2023

Glad to have worked there.

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

FHLBC was a great place to work. Training and development is important and they invest a lot into their people. The opportunities are there, you just need to raise your hand. I unfortunately did not take full advantage of everything they had to offer and did not appreciate it at the time. This is something I came to realize and regret after I left and saw how other businesses operate. FHLBC is a place to grow and learn from others, with established mentorship programs and approachable c-level executives. They are on top of emerging industry trends and were ahead of DEI before it became ubiquitous across other large corporations. So many great, smart people. They hire the best. I miss working for them. If I knew then what I know now, I would have taken more if it in.

Cons

Nothing to put in this section.

FHLBank Chicago Response

We agree that FHLBank Chicago is a great place to work and our numerous awards demonstrate the strength of our workplace culture. We strive to be a Bank of opportunity for our employees, offering significant professional development opportunities including skills training, DEI activities, mentorship and access to leadership. Our people are our most valuable investment and we strive to maintain competitive and industry-leading benefits for our employees. Our mission-driven culture, hybrid working model, dedicated colleagues and a beautiful office space continue to lead in our employee feedback surveys. In addition, we take great pride in our benefits, commitment to DEI and have welcomed several employees back into the Bank after they returned from other roles. If you are looking for a new opportunity, we encourage you to visit https://www.fhlbc.com/about-us/careers to learn about the open job opportunities available at FHLBank Chicago.

3.0

Sep 21, 2022

No room to grow

Technician

Recommend

CEO approval

Business Outlook

Pros

Easy 9-5 place to work

Cons

Very hard to get a new role

4.0

Oct 1, 2021

Good Benefits

Avp-operations

Recommend

CEO approval

Business Outlook

Pros

Good healthcare options to choose

Cons

Technology is somewhat outdated for what is needed

Viewing 55 - 57 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst

Risk Analyst Income Simulation