Top Workplace? I don’t think so - Anonymous employee FHLBank Chicago Employee Review

1.0
Nov 10, 2021
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great benefits, decent pay, pension

Cons

Where to start? A PTO plan you really can’t use, being tracked by the CFO on what days you come into the new office and a toxic culture that gives you anxiety It used to be such a great place to work that cared about people and provided a work-life balance unlike no other. Then something changed. The culture started to move in the wrong direction. If you're a favorite, you can write your ticket. Just look at HR. You need to be a white, blond female, and there's instantly a job for you. It happened with the department head a few years ago, and it's happened again recently. Meanwhile, people of color are pushed out or leave because they can't take the blatant favoritism. Gone are the days when employees were valued and cared about. You need only look to the Bank's Return to Office plan for evidence. We're required to return no less than two days a week, AND they're going to check badge swipes to reinforce the rule!! I have friends in other companies whose CEOs have said return as much or as little as you want. The office is a resource. You can either use it or not. This isn't a workplace anymore. It's a prison camp. Come in and do your two-day sentence each week. And the CFO is playing warden. He's been tracking the days when employees have been coming into the office. I'm sure it will impact our bonus payments next year; the more you come in, the higher the bonus. The place is a joke among its staff. If you're being interviewed for a job, ask why it's vacant. People have been leaving en masse for months. The place is going down the tubes, and the CEO and his CHRO minion are calling full steam ahead. Get me off this sinking ship!

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FHLBank Chicago Response
4y
Everyone has a role in helping ensure we have a strong culture and that begins with the way we speak to each other and treat our coworkers. While we are always open to feedback and encourage employees to reach out to HR Business Partners when concerns arise, toxic language is not a constructive means of contributing to solutions. Our return to office plan is flexible and in line with other firms in our industry. The Bank strongly believes that its mission, vision and culture is best served by having some level of in-person collaboration and teamwork, and has strived to provide balance and flexibility to its employee with the blended operating model. While some employees enjoy working remotely, others prefer being in our office. Our model was created with this in mind and we have done our best to take various working styles into account. We have been consistently communicating our eventual move to a hybrid model throughout the pandemic, shifted our target date as needed, and worked to give employees enough notice to make a transition to this new model. Turnover has affected every organization this year and while we have vacancies, we have also added new employees and roles that will help us continue to grow our organization. We’ve also made improvements to our performance management process which allows us to better assess and recognize strong performers. We have a strong dedication and mission to ensure our workplace is diverse, equitable, and inclusive. From a recruiting and hiring standpoint, we have a bankwide goal of considering a diverse slate of candidates for open positions. DEI is woven through our organization, whether it’s through trainings and employee-led sessions or in our practices when deciding on vendors or supporting organizations in our communities. The pandemic has proven difficult for all organizations as they assess new ways of working and we will continue to support our employees on our path forward.

Explore other reviews about FHLBank Chicago

5.0
Feb 20, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I enjoy my job, work with wonderful people, and feel valued at work. The office is nice. Happy with the benefits and events at work.

Cons

My experience has differed from many recent negative reviews - the company is pretty siloed, and culture seems to vary significantly across departments. I agree with the previous reviews about HR being hostile.

2
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FHLBank Chicago Response
3mo
We are proud to provide a collaborative and supportive workplace for employees. Our competitive benefits, ample learning opportunities, and inclusive culture ensure employees feel valued in their roles. We recognize that consistency across departments is important and continue to focus on strengthening collaboration and alignment across the organization. We always encourage employees to share their perspectives through our internal channels for any concerns they have so we can continue to evolve our ways of working with each other and in support of our mission.
3.0
May 28, 2026
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.

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