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 29 reviews)); "Great people to work with." ((in 19 reviews)); "Great work life balance." ((in 11 reviews)); "Good pay and respectable staff" ((in 6 reviews)); "Salary is GOOD" ((in 6 reviews))

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

"Management somewhat detached." ((in 10 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 7 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 7 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, 2025

Challenging

Director

Recommend

CEO approval

Business Outlook

Pros

Great benefits and time off

Cons

Employees prefer talking and have difficulty making decisions. Very few opportunities to move up, have to go to another bank for promotion.

4.0

Feb 29, 2024

Nice Atmosphere

Executive assistant

Recommend

CEO approval

Business Outlook

Pros

Location is close to public transportation. Located in the old post office with amazing renovations. Company believes in taking care of their employees. Benefits are good. Hybrid work schedules. Food often provided.

Cons

I worked for a micro manager and there were too many meetings.

5.0

Feb 29, 2024

Great work life balance, lots of regulatory oversight

Manager

Recommend

CEO approval

Business Outlook

Pros

- Great work life balance with solid pay - Twice a month there is a bankwide meeting to update employees about upcoming projects or changes or provide an update on initiatives - Pension plan and 401K. Health Insurance is expensive but offset by other benefits

Cons

- Not a good place if you are young, hungry for growth. Many of the people have been here a long time and the only way to move up is when someone retires or leaves. Upside is Bank is happy to help people make moves within the Company to other roles. - People wear many hats because it is a small organization, but you do not get extra pay. - 3 days in office when we had been at 2 days since after Omicron and management pointedly asked many times if that was going to change and would say 2 days, and then a month later, said 3 days was better for in person collaboration.

Viewing 70 - 72 of 167 Reviews

Jobs at FHLBank Chicago

Manager Site Reliability Engineering

Sales & Strategy Analyst