At FHLB Cincinnati, we understand the value of investing in our people. In addition to an excellent work environment, the Bank offers a competitive rewards package including retirement and benefits programs that will help meet your needs today while building for the future.

Health Benefits

Medical & Prescription Drug Coverage
The FHLB offers a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA). The HDHP offers a broad network of healthcare professionals and facilities. Prescription drug coverage is provided through an extensive network or mail order. Coverage is offered the first of the month following employment.

Dental Coverage
The plan covers routine through restorative services through network providers. Orthodontia benefits are provided for dependent children up to age 19. Coverage is automatically provided to employees enrolled in the HDHP.

Vision Coverage
The vision plan provides an annual eye exam and a materials allowance. Discounts on other vision-related expenses are also available. Coverage is automatically provided to employees enrolled in the HDHP.

Flexible Spending Accounts
Transportation and Dependent Care Flexible Spending Accounts allow pretax dollars to be set aside to pay for eligible transportation and childcare expenses.

Employee Assistance Program
Employees and their dependents are eligible to receive counseling sessions by trained professionals to assist in dealing with a wide range of issues, on or off the job.

Financial Benefits

401k Savings Plan
Employees may set aside a percentage of their earnings on a pre-tax or ROTH after-tax basis. The FHLB provides an immediate matching contribution (up to 3%) upon enrollment into the Plan and increases after three and five years of service. Matching contributions are fully vested after three years.

Pension Plan
Employees are automatically enrolled in the FHLB sponsored pension plan on the first of the month following one year of service. The plan provides a retirement benefit based on earnings and service. Employees are fully vested after five years

Incentive Compensation Program
The program provides an annual incentive compensation award if the Bank meets specified performance targets each year. Award opportunity levels vary based upon position within the Bank.

Long Term Disability
The Long Term Disability Plan provides eligible employees with a percentage of monthly base salary after satisfying the applicable waiting period.

Life Insurance
Eligible employees are provided basic life insurance and accidental death and dismemberment coverage equal to one times annual salary. Supplemental coverage equal to additional one or two times annual salary may be purchased.

Dependent Life Insurance
Coverage for spouses and eligible dependents is available at group rates.

Employee Referral Program
Employees may receive up to $2,500 for the successful hire of a referral to fill a current job opening.

Professional Development

Education Assistance
Eligible employees may apply for educational assistance for graduate or undergraduate courses taken at an accredited college or university that are related to their job or career field.

Professional Certifications and Designations
The Bank supports professional development and reimburses eligible fees associated with certification courses and examinations approved by management in advance of registration.

Time Off

Employees accrue vacation immediately. Amount of vacation accrual is based on position and years of service.

Employees accrue one day of sick time every full month of employment to a maximum of 12 days annually. Sick time balances carry over and are subject to a maximum accrual.

Employees receive ten paid holidays and one personal day per year.

Paid Leave Programs
Paid leave for maternity, parental and caretaker time is provided when an employee is approved for a Family Medical Leave.

Additional Benefits

  • Business Casual Dress
  • Employee Wellness Program
  • Rewards and Recognition Programs

Click to download our Benefits Brochure.