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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
      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.

      avatar
      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.
      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.
      1.0
      Nov 3, 2021

      Not a place to grow

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Interesting work. Most people here were great but favoritism is definitely a thing. PTO policy is generous but don’t expect to be able to use all of it.

      Cons

      Honest advice if you decide to accept a role here: 1. Don’t expect growth. Be very comfortable with the title you are given when you’re hired and be prepared to keep it until you decide to go someplace else. They reel in newcomers by giving them more attractive titles. Once you are in it seems unclear on how to get a title bump or promotion even after working hard and dedicating years. There’s been a huge amount of turnover lately because people are burnt out. Burnt out employees who feel under-appreciated get disengaged and leave. They seem to blame their workforce for a lack of engagement rather than looking in the mirror. 2. If you have a problem with a bad leader who is a risk to the business it’s not worth it to speak up to HR. They won’t do anything about it and voicing concerns will be held against you in the long run. Even if you are actually trying to help and improve things. 3. If you prefer to work 100% remote that won’t be an option in future. Not sure when but there will eventually be a hybrid work setup and coming in a couple times a week will be mandatory. I have not been to new office but it looks nice from pictures I saw. Overall I’m glad I was able to move on and find career growth somewhere else.

      avatar
      FHLBank Chicago Response
      4y
      We appreciate you sharing your comments and feedback. We believe maintaining a work/life balance plays an important role in the employee experience. If an employee is feeling overwhelmed, we encourage them to speak up and be honest with their managers. We’ve seen examples of teams reallocating work or working together to find more efficient paths forward. We’ve had many employees grow their careers at the Bank, whether it’s through promotions they have earned or taking a new career path while staying at the Bank. There are ways employees can provide feedback about any issues they are seeing and are encouraged to do so to help us continue to grow. HR Business Partners are always available to have open discussions and provide support wherever it is needed. We also have several working groups dedicated to identifying areas of opportunity based on employee feedback and their own experiences. These groups create solutions that continuously improve our culture and the way we work together. We are proud of our recently renovated workspace that allows us to collaborate for critical in-person interactions in supporting our members while allowing for flexibility throughout the week with remote work. We have adapted the way we work with each other and are excited for the journey ahead.
      Viewing 7 - 9 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.