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?

"Benefits are good." ((in 32 reviews)); "Great people to work with." ((in 19 reviews)); "work life balance is good" ((in 8 reviews)); "Salary is GOOD" ((in 7 reviews)); "The most diverse work environment I have ever encountered." ((in 5 reviews))

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

"Management somewhat detached." ((in 10 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 8 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 7 reviews)); "Low pay" ((in 5 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.

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

3.0

Oct 16, 2022

Good

Customer service representative

Recommend

CEO approval

Business Outlook

Pros

No issue at all it is Good

Cons

There are no Cons for suggesting

1.0

Oct 14, 2022

Horrendous leadership and terrible hr

Operations

Recommend

CEO approval

Business Outlook

Pros

None- you get treated like a dog day one

Cons

Worst company that I've ever worked for. Leadership is godawful, senior management doesn't care, and hr is just there to gaslight you and make you feel worthless.

FHLBank Chicago Response

3y

We are disappointed to hear about your experience and hope that you will continue to find the support that you need. We are proud of our award winning culture - named as a Chicago Tribune Top Workplace in 2020 and 2021. Our employees’ feedback made us eligible for this incredible honor and our mission-driven organization gives all employees a sense of purpose to bring their best selves to work.

1.0

Oct 12, 2022

Cold and Stressful

Senior engineer

Recommend

CEO approval

Business Outlook

Pros

Nice technology and new office

Cons

Things were going fine up until last year. My manager left although we suspect he was pushed out. Company policy declared if you didn't get the jab they considering it a resignation and he was vocally against mandates on LinkedIn. Just today it's come out that it wasn't even tested for stopping transmission! Little late now. You can bet your bottom dollar they won't be apologizing! Accountability and responsibility are absent from our leaders. They have no idea about optics and how things like this can destroy morale and loyalty. If they can shove one of the nicest guys out the door, they'll do it to anybody. So much talk about emotional intelligence, empathy, understanding. It's all fluff. Now we're rudderless and feeling huge pressure from above, something we were shielded from before.

FHLBank Chicago Response

3y

Change can be difficult and we understand that not everyone will agree with the decisions made for our organization. At the Bank, we have taken guidance from the city, state, and CDC into account to help us make determinations that prioritize our employees’ health and safety while ensuring we are creating an inclusive culture. We continue to approach our guidelines with thoughtfulness and care but recognize that evolving situations can be challenging to navigate, requiring patience and flexibility. Like you, we take great pride in our technology and beautiful new office space, as well as our award winning benefits, culture, flexible blended operating model and professional development opportunities.

Viewing 58 - 60 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst

Director, Strategic Portfolio Management

FHLBank Chicago

FHLBank Chicago reviews

Ratings by category

Ratings by demographic groups

Reviews by job title

Good

Horrendous leadership and terrible hr

Cold and Stressful

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