FHLB Chicago Reviews | Glassdoor

FHLB Chicago Reviews

Updated December 6, 2018
52 reviews

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3.9
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Matt Feldman
29 Ratings

Employee Reviews

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Pros
  • "Collegial and collaborative environment, great people to work with for the most part, work-life balance" (in 7 reviews)

  • "Able to work with a lot of autonomy, great benefits, unique mission" (in 7 reviews)

Cons
  • "Little or no engagement in new ideas" (in 2 reviews)

  • "so far no cons at this point of time" (in 2 reviews)

More Pros and Cons

  1. Helpful (2)

    "Awesome place to work and build a careee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    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


  2. "WFH"

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

    I have been working at FHLB Chicago full-time (More than 5 years)

    Pros

    Good benefits- Medical, Dental, Vision Pension

    Cons

    Policy allowing staff to work from home but don't honor it when requested. Staff who work from home will not get promoted and it's frowned upon. There are 7 staff who live outside the state and they get to work from home.

    Advice to Management

    Get with the times and stop being so stuffy and controlling. Trust your staff.
    You approved the policy so stop giving lip service and trust your staff. It's a good place to work but the bank will lose staff if change does not come

  3. "Great until G was let go for no reason."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Applications Developer in Chicago, IL
    Former Employee - Senior Software Applications Developer in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at FHLB Chicago full-time (More than 5 years)

    Pros

    Great benefits and retirement pln

    Cons

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

    Advice to Management

    Drop the Diversity and In(Ex)clusion used there.


  4. "Small Company"

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at FHLB Chicago full-time

    Pros

    FHLBC has a great benefits package. It is small enough to get noticed if you do good work and mix with the right people. Generous salary and bonus program if your manager likes you.

    Cons

    The company says they are comitted to diversity but there are secret programs that seem to only be offered to the white employees, like 100% paid MBA programs at management discretion. There have been harassment claims that definitely resulted in retaliation. HR barely tolerates employees.

    Advice to Management

    Upper management is not interested in advice or feedback.

    FHLB Chicago Response

    Nov 1, 2018 – VP, HR & Development

    Thank you for your feedback regarding your experience at the Federal Home Loan Bank of Chicago. We are committed to a diverse and inclusive workforce and a positive and collaborative environment... More


  5. "Good Opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst
    Former Employee - Analyst
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at FHLB Chicago full-time (Less than a year)

    Pros

    Great to feel that your work is helping the community. The people are great to work with. I enjoyed my collegues very much. Upper leadership is wonderful, very knowledgeable and genuinely engaged in promoting a strong, diverse, and supportive culture. The most diverse work environment I have ever encountered. Generally employees appreciate and support each other. Work life balance is strong.

    Cons

    Work satisfaction dependent upon your manager. Upper management is working to enhance culture but not all mid-level management supports new ideas. There is a lot of institutional knowledge as many employees have long tenures, this can make learning a challenge as you need to interpret the perspective of the person speaking. It is easy for long timers to take for granted that everyone just knows what they mean. There is a 90 day probationary period HR never mentions until day one.

    Advice to Management

    Bring in managers from the outside and support the promotion of their ideas and initiatives. Fresh blood would be helpful in attaining culture goals. Hold managers accountable for their turn over rates. Be transparent about the probationary period during interview period.


  6. "Too much micro managemen"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at FHLB Chicago full-time (More than a year)

    Pros

    Pretty laid back working hours, great office location in the loop, good pay and benefits

    Cons

    Management - managers get promoted and have responsibilities that they are not trained for. This leads to micro management and poor working environment for employees. You will never feel like you are truly valued unless you are management, everyone else is just a worker bee.

    Advice to Management

    Find a way to evaluate managers or you will continue to lose talented employees like you have over the past 6 months...


  7. "A lot of things going for it, but..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at FHLB Chicago full-time

    Pros

    Great financial products and is a Government Sponsored Entity which gives it stability

    Cons

    Entrenched management that will never retire and refuses to listen to new ideas.

  8. "Great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FHLB Chicago full-time

    Pros

    Able to work with a lot of autonomy, great benefits, unique mission

    Cons

    Smaller company so opportunities for advancement can be limited at times


  9. "Community investment operations specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Community Investment Operations Specialist in Chicago, IL
    Former Employee - Community Investment Operations Specialist in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at FHLB Chicago full-time (More than 5 years)

    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.


  10. "doc spec"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FHLB Chicago part-time

    Pros

    this is agood place to work

    Cons

    there are no cons to speak of