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 33 reviews)); "Great people to work with." ((in 19 reviews)); "work life balance is good" ((in 8 reviews)); "Good pay and respectable staff" ((in 5 reviews)); "Salary is GOOD" ((in 5 reviews))

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

"Management somewhat detached." ((in 9 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)); "Low Morale" ((in 4 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

4.0

Oct 30, 2018

Great until G was let go for no reason.

Senior software applications developer

Recommend

CEO approval

Business Outlook

Pros

Great benefits and retirement pln

Cons

Lack of trust in developers that only seemed to be recent.

5.0

Aug 13, 2018

Awesome place to work and build a careee

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Collegial and collaborative environment, great people to work with for the most part, work-life balance.

Cons

Career advancement isn’t always a very clear path

3.0

Feb 16, 2018

Community investment operations specialist

Recommend

CEO approval

Business Outlook

Pros

Very rewarding department within the bank to work in, giving back to the community was the highlight of my career there. Putting in overtime made it worth it.

Cons

This is such a dysfunctional group there are too many supervisors that never agree with one another which makes completing tasks impossible.

Viewing 82 - 84 of 167 Reviews

Jobs at FHLBank Chicago

Strategy & Solutions Analyst

Manager Sales Enablement

Manager Business Risk Management

Sr. Risk Analyst, Credit