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 33 reviews)); "Great people to work with." ((in 18 reviews)); "Offers good work life balance" ((in 8 reviews)); "Salary is GOOD" ((in 6 reviews)); "Medical, Dental, Vision Pension" ((in 5 reviews))

What are the cons of working at FHLBank Chicago according to real employee reviews?

"Management somewhat detached." ((in 8 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 8 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 7 reviews)); "Pay not as high as market rates" ((in 5 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

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

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

Jul 23, 2017

SVP

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Best place for conversations on diversity in Chicago financial services industry

Cons

Culture is very soft and tolerant of weak performance

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.

3.0

Feb 11, 2017

Analyst

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Work life balance and fair compensation, but it depends on the area you work in with the Bank.

Cons

Avoids the need for additional resources, no clear path or encouragement toward promotion

Viewing 130 - 132 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst

Senior Salesforce Developer

FHLBank Chicago

FHLBank Chicago reviews

Company ratings over time

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