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.

FHLBank Chicago reviews

3.2

48% would recommend to a friend

(167 total reviews)

Michael Ericson

48% approve of CEO

57% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (167 reviews)

Ratings by demographic groups

Race / Ethnicity

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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).

Reviews by job title

167 reviews

5.0

Dec 11, 2018

FHLBC

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Flexible work schedule, excellent compensation and benefits, healthy work environment, job stability.

Cons

No cons that I can think of.

5.0

Oct 19, 2017

Operations Specialist

Operations support specialist

Recommend

CEO approval

Business Outlook

Pros

Amazing company culture, benefits, and room to grow

Cons

There is always food and snacks to eat. You will get fat unless you join the Wellness Challenge

5.0

May 16, 2017

Great Place to Work

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

The Federal Home Loan Bank of Chicago is a great place to work. Not only is the company mission-focused, but they really care about employee growth and satisfaction. I feel lucky to work with such intelligent people each day.

Cons

I don't think there are any major cons to working at FHLBC.

Viewing 109 - 111 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst

Sr. Risk Analyst, Credit

FHLBank Chicago

FHLBank Chicago reviews

Company ratings over time

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Reviews by job title

FHLBC

Operations Specialist

Great Place to Work

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