Michigan

Flagstar Bancorp in Troy, Mich., beat expectations as it reported stronger mortgage volume in the first quarter. The company reported net income of $31.5 million in the first quarter versus a profit of $11.1 million in the previous quarter and a loss of $78.4 million a year ago.

Saginaw, Mich. — Catholic Federal Credit Union said it recently received NCUA approval to add St. Mary's Medical Center of Michigan as a Select Employee Group.

Chemical Financial has retooled its organizational structure as part of the Midland, Mich., company's succession planning.

Ally Financial in Detroit announced its second big management change in less than two months.

UTICA, Mich. — The recent hacking of a Montana credit union provides a stark lesson for CUs across the nation about the security of their web sites — namely that they aren't as secure as executives think.

LANSING, Mich. — Several men from Detroit have pleaded guilty to a string of credit union robberies here late last year.

Huntington Bancshares in Columbus, Ohio, has agreed to buy Macquarie Equipment Finance in Bloomfield Hills, Mich.

KALAMAZOO, Mich. — Educational Community Credit Union (ECCU) has named Julie Blitchok as its new president and chief executive officer, effective March 2, succeeding CEO Charles Cornelius, who is retiring after 36 years of service.

Grand River Commerce in Grandville, Mich., has raised $10.7 million through a private placement.

Independent Bank Corp. of Ionia, Mich., is consolidating 14 of its 74 Michigan branches.

BATTLE CREEK, Mich. — OMNI Community Credit Union returned a total of $1 million in earnings to members through its annual Cashback Rebate Program.

Nationwide the number of bank branches fell by about 1.7% last year. But some cities and states were hit harder than others, according to data from the Federal Deposit Insurance Corp. and research firm BankRegData.

GRAND RAPIDS, Mich. — One key element that separates credit unions from their competitors is the skills, talents and experience of their employees.

Chemical Financial in Midland, Mich., has agreed to buy Lake Michigan Financial in Holland.

MIDLAND, Mich. — Whether the money is for coping with an unexpectedly high gas bill or just paying for holiday gifts, the "Whatever Loan" continues to be a big success for Members First CU here.

MIDLAND, Mich. — Dow Chemical Employees' Credit Union (DCECU) announced it will issue Member Giveback Rebates and Rewards for 2014 that will break the $1.4 billion CU's previous records.

LANSING, Mich. — Six men have been arrested in connection with a string of credit union robberies here, and police are seeking information on a seventh person who may have been involved.

AUBURN HILLS Mich. — Genisys CU and Tri-Pointe Community CU announced Wednesday they intend to merge and then operate under the Genisys name.

LANSING, Mich. — Following five unsolved credit union robberies in three months, police here are investigating whether the crimes are connected.

ST. JOSEPH, Mich — United Federal Credit Union wants to ensure their employees' work schedule is balanced with home life.