FHLBank Chicago reviews

3.2

48% would recommend to a friend

(167 total reviews)
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Michael Ericson

48% approve of CEO

57% positive business outlook

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
3.0
Jul 7, 2025
Recommend
CEO approval
Business Outlook

Pros

The pay and the location

Cons

Micromanagement and Favoritism and HR witchhunts

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FHLBank Chicago Response
12mo
Our commitment to our employees goes beyond pay and office environment to include total rewards, benefits, training and professional development opportunities, a comprehensive performance management review process, and a mission-oriented culture to support our members and their communities. Our HR and management teams support employees at all levels to deliver priorities for our organization and our members. While management and communication styles vary, FHLBank Chicago seeks employee feedback through several sources to improve our culture and working experience.
1.0
Jun 12, 2025

Think twice

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Decent health insurance - A few really excellent people that get pushed out eventually

Cons

- All of the pressures of corporate life with added federal pressures - Incompetent senior management - No career progression - Self defeating organization that builds bureaucracy, not people and functional teams - Tiered pay that does not meet the market - Awful HR department that is not interested in keeping talent - Days full of meetings and no real, satisfying work - Infighting, wasteful budgets, over-empowerment of outside consultancies/new employees

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FHLBank Chicago Response
1y
FHLBank Chicago invests significantly in developing our teams through leadership training, professional development, mentorship, and employee-driven feedback. We are proud of the many employees who have built long, successful careers at the Bank, and we remain focused on creating opportunities for continued growth and development. Like any organization, we continue to evaluate our processes to reduce unnecessary complexity and ensure our teams are empowered to do meaningful, impactful work. Our leadership team is committed to transparency, accountability, and continuous improvement. While not every decision will resonate with every employee, we welcome open and respectful feedback and strive to foster a culture where concerns can be raised and addressed constructively. There are multiple channels for employees to raise concerns and contribute ideas and we encourage open dialogue at all levels of the organization.
Viewing 16 - 18 of 167 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.