http://www.legislation.gov.uk/uksi/2011/2687/article/21/madeThe Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011Credit unionsLegislationenKing's Printer of Acts of Parliament2016-06-24REGULATORY REFORM This Order removes a number of burdens imposed by the Industrial and Provident Societies Act 1965 (c.12), the Friendly and Industrial and Provident Societies Act 1968 (c.53) and the Credit Unions Act 1979 (c.34). The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2010 PART 4 21 In section 14 (computation and application of profits), for subsection (4), substitute— 4 The dividend payable on any shares of a credit union shall— a on its dissolution, not exceed a rate of 8 per cent per annum or such other rate as may be specified by order made by the Treasury; and b at any other time, not exceed that rate except to the extent that the rules of the credit union provide otherwise. Section 14 was amended by S.I. 2001/2617; there are other amending instruments but none is relevant.