In a surprise move, John Dill, president/CEO of the Credit Union Association of Colorado since 2004, has resigned, the league said, while its board maintained the trade group needed new direction and leadership.

In a brief e-mailed statement to member CEOs in Colorado and Wyoming, the CUAC board gave few clues as to the reasons for Dill's May 24 departure other than "it was time for a change."

The statement, however, did heap praise on Dill for his record of industry service and legislative accomplishments but said the "pressing demands of a challenging economy" dictated a management shakeup.

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