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
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.
2.0
Aug 4, 2022
Recommend
CEO approval
Business Outlook

Pros

Benefits, Mostly relaxed environment. Flexible work arrangements.

Cons

Overall, enjoyed my career here. Management just out of touch. Most directors are mickey mouses and promoted from favoritism not hired from the crop. They would get eaten alive in real corporate America. Also, their seemed to be more C- mid-managers with no prior experience before I left. Work life balance non existent in IT, but may not be like this in other areas. Too much on D&I. Big Brother trying to trip up IT and make their lives miserable each day. IT gets to work with lots of technologies but can change on the fly, throwing months or years of work out the door. If I had to guess, IT at this company will soon be 90% automated (SaaS, Machine Learning, Ansible, etc) which is the direction a lot of companies are taking to save $ on overhead. They are somewhat ahead of most places which I thought was exciting. Before leaving mid-pandemic, overwhelming turnover and I understand is still the case - but happening at most places, just tough for a small company losing people 10+ years tenure. Had never seen people leave this place with so much tenure that fast. Has to say something about the company I think. Would like to see those people's thoughts here.

5.0
Nov 11, 2021

Good place to work

Recommend
CEO approval
Business Outlook

Pros

Stable executive management Good benefits Genuine belief that management tries to do the right thing for the organization's customers and personnel.

Cons

As a regulated organization, process and bureaucracy can sometimes stand in the way of progress occurring as fast as it could. Many organizational priorities are determined by audit and regulators.

Viewing 34 - 36 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.