Queensland Police Credit Union is taking steps to adopt the status of a mutual bank. At the AGM next month the QPCU board proposes a resolution to remove the term "credit union" from the QPCU name and constitution. QPCU said this would "allow QPCU to follow the lead of our fellow police credit unions in New South Wales, Victoria and Western Australia (and numerous other credit unions) and apply to the Australian Prudential Regulation Authority to trade as a bank." It said it had no plans to issue shares or list on the ASX. Finsia has opened applications for its annual Hugh DT Williamson Scholarship, an award of A$16,500 to undertake a leadership or professional development program. The scholarship is awarded to an industry participant who can demonstrate leadership, professional qualifications, community and social responsibility and a contribution to the industry. Details on the Finsia website. FlexiGroup will wrap up a deal to acquire Fisher & Paykel Finance this week, according to speculation in the Australian Financial Review. Citi is working with FlexiGroup on an equity raising to fund the acquisition, according to the report. The price of the New Zealand finance company is around NZ$300 million.