FHLB Chicago Reviews

Updated July 19, 2015
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3.7
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Recommend to a friend
Approve of CEO
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Matt Feldman
13 Ratings

23 Employee Reviews

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  1. Getting better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at FHLB Chicago full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Recent changes seem to be the right formula. HR used to be a joke but now there is an HR team that really knows their stuff! No more bad attitudes or ignored emails.

    Cons

    Need to put more emphasis on developing junior staff. A lot of planning and activities are in place for interns. Need these programs for all employees.

    Advice to Management

    It's not just about the members. It's about the employees too.


  2. Great Place to Learn

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FHLB Chicago

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - Allowed to rotate/intern to different areas of the bank - Flexible for school/other activities - "Team environment"

    Cons

    - Structured intern program is not ideal for year round interns - Have to ask to rotate/move and limited options to move to


  3. Helpful (1)

    Poor culture

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FHLB Chicago full-time

    Pros

    Small bank allows you access and notice

    Cons

    Silo fraternity (in worst sense of word), limited to none work from home opportunity, key retirement benefits only kick in after 5 years, limited career growth as management levels are lifers


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Good

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Chicago, IL
    Current Employee - Project Manager in Chicago, IL

    I have been working at FHLB Chicago full-time (More than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good People to work with

    Cons

    so far no cons at this point of time.


  6. Lifer!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at FHLB Chicago full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    This place is great. Your co-workers care about you, your manager is always looking out for you, and the Executive Team really cares about the employees and building a bank that is strong financially and ethically.

    Cons

    There are employees who still hold on to the old ways of doing things and refuse to change with the times. Technology speed and efficiency could be improved.

    Advice to Management

    Matt is doing a great job. Roger is a wonderful leader as well.Pull the reigns back on Audit a bit and things will really be great.


  7. Very political. Management is top to bottom.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    I worked at FHLB Chicago full-time (More than 3 years)

    Negative Outlook
    No opinion of CEO
    Negative Outlook
    No opinion of CEO

    Pros

    Pay and benefits. Health care is very good. In Aon building

    Cons

    Lack of upward mobility. Senior management doesn't trust each other.

    Advice to Management

    Middle managers and under not listened to.


  8. Great company to work for

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FHLB Chicago

    Pros

    Great people and outstanding benefits

    Cons

    bad hours and high stress environment.


  9. Mostly good people, but a lot of politics

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FHLB Chicago full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good people, lots of team environment

    Cons

    too many buzzwords, too many long unstructured meetings

    Advice to Management

    Cut down on the amount of meetings or at least make them about specific achievable goals


  10. Good

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FHLB Chicago full-time

    Pros

    Good benefits, good work-life balance, and good technology environment.

    Cons

    Limited advancement and promotion opportunities.


  11. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FHLB Chicago full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The Bank offers great benefits, a good work-life balance, and the potential to move around to different departments. In my four years at the Bank, technology has been upgraded, departments are synergizing, and the customer has become the focus of business goals. The Bank's volunteer organization is growing and providing more ways to be philanthropic at work.

    Cons

    FHLBC is not a typical bank, so those looking for retail experience won't find it here. The IT department is on a different floor, so there is less interaction with some of the most important people in the building.

    Advice to Management

    Continue to grow capital and focus on the member banks.



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