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

1.0

Aug 1, 2022

Aweful

Accountant

Recommend

CEO approval

Business Outlook

Pros

Nothing at all I can think of

Cons

~ Constant infighting ~ Political ~ Pension worth 0 until 5 years in ~ Poor leadership ~ No accountability ~ Positions unfilled mean more work for everybody ~ Pushed a bunch of people out during a hiring crisis (smart!) ~ No jab, no job (doesn't stop transmission! absolutely pointless!) ~ Obsession with D&I over work ~ Fear of retribution ~ Dated technology nobody seems to be fixing ~ Feet drag on new products ~ Do we have an IT department??

5.0

May 17, 2022

Great place to work at

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Awesome ppl Many technologies to explore

Cons

Nothing that I can think of.

1.0

May 13, 2022

Headless Chickens!

Systems engineer

Recommend

CEO approval

Business Outlook

Pros

Office is nice - free fruit and grain bars

Cons

Engineering is just a mess - no leadership everything is last minute and nothing gets done - pulled all over the place - super stressful and no sense of purpose or value to the job. The last 6 months have been a living hell for me and many. Bunch of long term contractors quit for better jobs (not hard!!) - now we're all picking up even more slack. Gets worse by the day. Avoid this place like the plague - oh but you can learn all about racism though (borderline accusing you of it for merely existing) - we may not get any work done but we do tick the DEI boxes. Thankful for the Glassdoor & LinkedIn jobs section! can all see how underpaid we are and how easy it is to get another job - as most people are doing if they are even remotely good - what's left behind isn't quality.

FHLBank Chicago Response

We know there are last-minute requests and changing priorities as we navigate how to best deliver successful organizational changes. We are undergoing prioritization sessions and engaging in employee listening opportunities to better address the needs of our valued staff. While our business has important priorities to be met, we do not want any of our employees to experience overwhelming stress and hardship. FHLBank Chicago encourages anyone feeling overwhelmed to speak to their manager or HR business partner for support.

Viewing 64 - 66 of 167 Reviews

Jobs at FHLBank Chicago

Manager Business Risk Management

Sales & Strategy Analyst

Manager Sales Enablement