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 31 reviews)); "Great people to work with." ((in 19 reviews)); "work life balance is good" ((in 8 reviews)); "Great work life balance as well as great benefits" ((in 5 reviews)); "Good pay and respectable staff" ((in 5 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)); "Low Morale" ((in 4 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

4.0

Sep 11, 2013

Mostly good people, but a lot of politics

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Good people, lots of team environment

Cons

too many buzzwords, too many long unstructured meetings

3.0

Mar 14, 2013

overall review of Federal Home Loan Bank

Paralegal

Recommend

CEO approval

Business Outlook

Pros

Nice people work at the office

Cons

Little or no engagement in new ideas

3.0

Aug 13, 2008

J

Associate

Recommend

CEO approval

Business Outlook

Pros

Its highly unlikely the company will ever fold as its government sponsored. Also the people are generally pretty friendly and easy to get along with.

Cons

Some of the lifers or people who have been here for many years are resistant to change. Although many of them have left the company, they still have the ability to drag us down.

Viewing 115 - 117 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst