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      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
      Mar 7, 2022

      Boring place, no growth. That's ok, but Upper Mgmt needs to turn

      It architect
      Recommend
      CEO approval
      Business Outlook

      Pros

      -Ok benefits -Laid back environment -Flexible work schedule

      Cons

      It being such a small company and highly regulated, you can start a career here and be part of the company for life. However, don't expect to move up quickly if that's what you want. Place is having a ton of turnover after covid made a lot realize corporate is dead. Upper management needs to be more diverse and they know this, changes will happen soon I hear. Basically, Senior mgrs and up are taken care of. There's a big gap in compensation between workers and entry level managers. They created these titled to make you think otherwise but dont be fooled.

      avatar
      FHLBank Chicago Response
      4y
      We take great pride in our award winning benefits, culture, and flexible blended operating model. Hundreds of our employees joined FHLBank Chicago in one role and moved up and through multiple positions across our various departments through their career growth. In addition to many growth opportunities, we invest heavily in professional development for all employees to achieve their career goals. Our employees, our members, and their communities are diverse, and we celebrate that diversity by fostering a culture where all are engaged, respected, and given equitable opportunities to succeed.
      5.0
      Feb 14, 2022

      I feel lucky to work here

      Senior manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      Nice people, outstanding benefits, cool office space, great leadership, hybrid work schedule, many career growth opportunities. Mission-driven organization means its a lot of dedicated and caring people and a fun culture

      Cons

      Technology issues can be frustrating at times, lots of reporting requirements

      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.
      Viewing 67 - 69 of 167 Reviews
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      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.