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?

46% 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, 3.1 for culture and values and 2.7 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 32 reviews)); "Great people to work with." ((in 20 reviews)); "work life balance is good" ((in 10 reviews)); "The most diverse work environment I have ever encountered." ((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 10 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 7 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 6 reviews)); "senior leadership must wake up now!! management dont seem to care as long as they win diversity awards." ((in 6 reviews)); "Low pay" ((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

46% would recommend to a friend

(168 total reviews)

Michael Ericson

44% approve of CEO

53% positive business outlook

Ratings by category

3.5

Compensation and benefits

3.2

Work/Life balance

3.1

Culture & values

3.1

Diversity & inclusion

2.7

Senior management

2.7

Career opportunities

FHLBank Chicago has an employee rating of 3.2 out of 5 stars, based on 168 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

168 reviews

3.0

May 28, 2026

Great benefits and remote options, but shifting management priorities

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Benefits are great and affordable. Remote day options given.

Cons

Management is shifting, priorities are no longer investing in communities. Layoffs are targeted and not about the bottom line.

1.0

May 26, 2026

Great work environment, but limited growth opportunities

Risk analyst

Recommend

CEO approval

Business Outlook

Pros

Great work and freedom to explore.

Cons

Very limited growth opportunities, often holding you back.

3.0

May 15, 2026

Nice office space, but miss remote work option

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Nice office space at the OPO

Cons

Miss the 2 days at home option.

Viewing 1 - 3 of 168 Reviews

Jobs at FHLBank Chicago

Manager Site Reliability Engineering