Skip to contentSkip to footer
      employer cover photo
      employer logo
      employer logo

      FHLBank Chicago

      Engaged Employer

      FHLBank Chicago reviews

      3.2

      48% would recommend to a friend

      (167 total reviews)
      avatar

      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

      Reviews by job title

      167 reviews
      1.0
      Feb 9, 2022

      mercy for my friends, the law for my enemies

      Technical support
      Recommend
      CEO approval
      Business Outlook

      Pros

      very hard to get fired unless you won't surrender your medical autonomy. keep your head down, nod along, and tick the boxes and you'll have a job for life. jobs are so easy you can take a lot of time afk if you keep logged into teams. new office is really nice and gym is cheap.

      Cons

      they talk all day about DI&E but it's just for show - upper management is a sea of white faces - if they practiced what they preached they'd resign and make way for minority voices. their vaccine mandate hit people of color the hardest - this will be looked back on in years to come as institutional racism imo. ~ bad covid response meant all the decent folk and managers left or got force resigned. we were told people 'resigned' only to find them on linkedin looking for jobs - faux fired - some of the best people at the bank - so shortsighted and malicious - we all lost trust in the bank when it happened. many had no choice but to pick between something they didn't want to do and feeding their family - terrible to do that to people - terrible. most people I talk to are job hunting hard. ~ competencies are used to deny you advancement but never to help you. if management likes you, they'll bump you up on the spot. if they don't like you they'll use the competencies to block you off. ~ HR don't listen, they'll just give you some speech about how great the company is - never listen to concerns. look at their responses to other reviews - you'll get the same responses if you ever dare question the place or suggest improvements. find one review where they admitted any fault - you won't. ~ CIO is not a tech person and sits in his closed door office. no idea how to run the department and it shows. don't bother giving feedback he doesn't listen to the little people - he knows it all. ~ culture took a big nosedive when Ericson took over - he's very uninspiring and is just a numbers guy - so everybody gets treated as a number not a person - demotivation all over the place. ~ I'd stay very clear - it might look ok the first few months but then you'll soon realize what the place truly is - crazy toxic - most are counting the hours until they can get out. trust me - don't apply!!

      avatar
      FHLBank Chicago Response
      4y
      We are disappointed to read this account as it contains outright falsehoods, displaced blame and negativity. Our culture and mission are dedicated to community and inclusivity which is why we prioritize our Diversity, Equity and Inclusion efforts at every level of the Bank. Our employees’ health and safety is paramount and we have chosen to make sure that our staff is fully vaccinated. The published competencies that we use through the performance management process are designed to help all employees demonstrate their skills, see their progress and measure what they need to accomplish to drive their career forward. We understand that these efforts do not make everyone happy but they are important values to our business, to encouraging our best performance and to achieving the mission of the Bank. Our organization is always looking for opportunities to grow and change in a positive direction, especially for our valued employees and on behalf of our members. In addition to our working groups, engagement teams, employee resource groups, our leaders and HR business partners are always listening for suggestions to improve. We recognize our outstanding performers at all levels and are proud to work with so many dedicated and hardworking individuals who bring their whole selves to our business and mission.
      1.0
      Aug 26, 2023

      A Pit of Vipers

      Manager
      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.

      avatar
      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.
      1.0
      Nov 19, 2021

      If your not connected you will go nowhere

      Manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      At one-time descent benefits which no longer applies. .

      Cons

      No room for growth unless they are connected Good old boy network D & I is talked about but that is all, the promotions keep going to a particular group of people If you are liked you are protected regardless of what you do and you can't do any wrong

      Viewing 4 - 6 of 167 Reviews
      Related searches: FHLBank Chicago jobs | FHLBank Chicago salaries | FHLBank Chicago benefits | FHLBank Chicago interviews
      ReviewsFHLBank Chicago reviews

      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.