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 20 reviews)); "Offers good work life balance" ((in 8 reviews)); "Salary is GOOD" ((in 7 reviews)); "Everyone was always willing to help you out but also gave you enough space to work independently." ((in 4 reviews))

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

"Management somewhat detached." ((in 10 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 7 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 6 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.

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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

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

4.0

Mar 10, 2013

Good

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Good benefits, good work-life balance, and good technology environment.

Cons

Limited advancement and promotion opportunities.

5.0

Jan 18, 2013

Great Benefits

Senior risk analyst

Recommend

CEO approval

Business Outlook

Pros

The FHLBC is a great employer with amazing benefits. While the bank is small in employee size, it is huge in volume of clientele so you are exposed to many different facets of the mortgage banking industry. The salary is competitive with industry norms. However, the Benefits are unheard of... they pay for going back to school and getting your MBA and they also have a pension system for all full time employees. I didn't know places like this still existed.

Cons

As the bank's purpose is providing liquidity to the mortgage banking industry, you won't be exposed to other types of banking. As mortgage/wholesale banking isn't going anywhere though, this isn't really that horrible of a "con"...

Viewing 154 - 156 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst