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

2.0

Feb 2, 2022

Good Entry Level Position and People are nice

Risk analyst

Recommend

CEO approval

Business Outlook

Pros

Great people to work with. Good benefits.

Cons

Since 2021, Far too many issues. They mostly look for people to work until they get burned out. High employee turnover.

FHLBank Chicago Response

We agree that our people and benefits are some of the best parts of FHLBC. We provide resources such as our Workforce Working Group, Employee Resource Groups, our HR Business Partners and numerous professional development options for employees to express concerns and find additional training to grow in their role. We use the feedback learned through those resources every day to ensure our employees feel supported, respected, know their career path and are set up for success.

5.0

Jan 24, 2022

Great place with lots of opportunities

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

The people, collaboration, good pay

Cons

A little behind in some industry trends, but I saw a commitment to catch up

FHLBank Chicago Response

We agree - our people and the teamwork that we engage in every day are some of the best parts of working at FHLBank Chicago. We are always working to lead effectively and insightfully on behalf of our employees and members, watching trends, pivoting when necessary, and making smart decisions for today and for the long term. We’re glad to hear you found plenty of opportunities to grow at the Bank.

4.0

Jan 18, 2022

Good people

Operations analyst

Recommend

CEO approval

Business Outlook

Pros

I enjoyed who I worked with

Cons

Some people just there collecting paychecks, showing face

Viewing 70 - 72 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst