Low morale - Anonymous employee FHLBank Chicago Employee Review

2.0
Jul 31, 2025
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great benefits. Free coffee and tea.

Cons

No longer flexible and work life friendly. Enormous amount of focus on swipes (for salaried employees). HR is not trusted. ET is indecisive. Reorganization and changing department names without any real changes and do it often. Create more high level management positions without developing within. Layoff people then create new roles the next day. Employee morale is low. Fluff and photo ops to pretend it isn’t or ET just doesn’t care. Return to office is going to make a bad environment worse. Too much reliance on consultants.

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FHLBank Chicago Response
11mo
Our Executive Team, HR partners, and leaders across the Bank are committed to listening, learning, and making thoughtful decisions to help position us for long-term success. That includes investing in professional development, optimizing our operations, and providing flexibility and opportunities for meaningful dialogue and collaboration. Achieving transformational change for the betterment of our organization requires employees at all levels to be accountable for their work and each other. We all have a role to play in advancing our mission in support of our members and their communities.

Explore other reviews about FHLBank Chicago

5.0
Feb 20, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I enjoy my job, work with wonderful people, and feel valued at work. The office is nice. Happy with the benefits and events at work.

Cons

My experience has differed from many recent negative reviews - the company is pretty siloed, and culture seems to vary significantly across departments. I agree with the previous reviews about HR being hostile.

2
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FHLBank Chicago Response
4mo
We are proud to provide a collaborative and supportive workplace for employees. Our competitive benefits, ample learning opportunities, and inclusive culture ensure employees feel valued in their roles. We recognize that consistency across departments is important and continue to focus on strengthening collaboration and alignment across the organization. We always encourage employees to share their perspectives through our internal channels for any concerns they have so we can continue to evolve our ways of working with each other and in support of our mission.
1.0
Jan 13, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Office is in a good location. Benefits are decent compared to similar organizations. However, pay isn't very competitive. Some individual contributors are genuinely good people and easy to work with.

Cons

Policies change frequently and often at the expense of employees, with limited transparency or advance communication. This creates an environment where long-term planning—career, compensation, or work-life balance—is difficult. HR involvement tends to be reactive and performative rather than supportive. Escalations frequently prioritize risk management over employee advocacy, which can feel adversarial instead of neutral. The culture is highly political. Visibility and appearing busy are often rewarded more than measurable outcomes or delivered value. In practice, this encourages performative work rather than effective work. Many teams rely heavily on contractors for execution while FTEs manage optics and process. Contractor-to-FTE conversion is rare and slow; in my experience, it can take several years and often depends more on organizational politics than performance. This may be a tolerable environment for those comfortable navigating bureaucracy and ambiguity, but it is frustrating for high performers, those seeking clarity and stability, or contractors expecting a clear path to conversion.

7
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FHLBank Chicago Response
5mo
We are proud of the competitive benefits we offer employees to ensure they feel well supported and are able to do their best work. We agree that we have very talented and dedicated employees; we make sure they have ample opportunities to contribute to meaningful work that has a long-term impact in support of our mission. We understand that periods of change can feel challenging. Like many organizations, we continue to evolve in response to business needs. Employees at all levels play an important role in helping shape our priorities, and we encourage them to bring their perspectives forward.
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