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.

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

4.0

Feb 16, 2023

Improvement still the goal

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Great offices and benefits! Thankful for the hybrid work schedule.

Cons

Do what continues to makes sense, not just because it's always been done. People are not machines

FHLBank Chicago Response

3y

We know our employees appreciate the blended operation model that allows them to use the office with purpose and maintain a schedule that provides balance. FHLBank Chicago has a beautiful new office space as well as industry-leading benefits for our employees. Our Values continue to be Trusted, Committed, Bold and Connected and we work hard to embed those Values throughout our culture. Our management team trusts our employees but some examples can be difficult to understand if not explained clearly to our teammates. If you encounter a problem with your manager, we encourage you to speak with your HR Business Partner to help determine a path for better communication and demonstration of trust within your team.

3.0

Feb 16, 2023

Great learning opportunities but limited growth

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Great colleagues. Best place to learn a lot by working on exciting projects. Great office space and convenient location. Flexible work hours.

Cons

Promotions and officer titles are more generously offered to chinese and white than others with similar experience

FHLBank Chicago Response

3y

FHLBank Chicago is a great place to work because of our mission-driven culture, our hybrid working model, dedicated colleagues and a beautiful office space. Our benefits and commitment to DEI are also highly rated and we work hard to maintain competitive and industry-leading benefits for our employees. Our HR team works hard to make sure we have an equitable and transparent performance management process for career growth for all employees. Promotions and title changes are based on competency levels and performance, and those internal promotions and transfers demonstrate our commitment to career growth at FHLBank Chicago. The diversity makeup of our promotions and transfers are representative of the Bank.

5.0

Jan 24, 2022

Great place with lots of opportunities

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

The people, collaboration, good pay

Cons

A little behind in some industry trends, but I saw a commitment to catch up

FHLBank Chicago Response

4y

We agree - our people and the teamwork that we engage in every day are some of the best parts of working at FHLBank Chicago. We are always working to lead effectively and insightfully on behalf of our employees and members, watching trends, pivoting when necessary, and making smart decisions for today and for the long term. We’re glad to hear you found plenty of opportunities to grow at the Bank.

Viewing 73 - 75 of 167 Reviews

Jobs at FHLBank Chicago

Sales & Strategy Analyst

FHLBank Chicago

FHLBank Chicago reviews

Ratings by category

Ratings by demographic groups

Reviews by job title

Improvement still the goal

Great learning opportunities but limited growth

Great place with lots of opportunities

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