CERTIFICATION

       I, Jerry R. Spurlin, certify that:

1.     I have reviewed this Form 10-KSB of GFSB Bancorp, Inc.;

2.     Based on my knowledge,  this report does not contain any untrue statement
       of a material fact or omit to state a material fact necessary to make the
       statements  made,  in  light  of  the  circumstances   under  which  such
       statements  were made, not misleading  with respect to the period covered
       by this report;

3.     Based on my knowledge,  the  financial  statements,  and other  financial
       information  included  in this  report,  fairly  present in all  material
       respects the financial condition, results of operations and cash flows of
       the Company as of, and for, the periods presented in this report;

4.     The  Company's  other  certifying  officer  and  I  are  responsible  for
       establishing  and  maintaining  disclosure  controls and  procedures  (as
       defined in Exchange Act Rule 13a-15(e)) for the Company and have:

         (a)    Designed such disclosure controls and procedures, or caused such
                disclosure  controls  and  procedures  to be designed  under our
                supervision, to ensure that material information relating to the
                Company, including its consolidated subsidiaries,  is made known
                to us by others within those entities,  particularly  during the
                period in which this report is being prepared; and

         (b)    Evaluated the effectiveness of the Company's disclosure controls
                and  procedures  and  presented  in this report our  conclusions
                about  the   effectiveness   of  the  disclosure   controls  and
                procedures,  as of the end of the period  covered by this report
                based on such evaluation.

         (c)    Disclosed  in this report any change in the  Company's  internal
                control  over  financial  reporting  that  occurred  during  the
                Company's   most  recent  fiscal  quarter  that  has  materially
                affected,  or is  reasonably  likely to materially  affect,  the
                Company's internal control over financial reporting; and

5.     The issuer's other certifying officer and I have disclosed,  based on our
       most recent  evaluation of internal control over financial  reporting (as
       defined in Exchange Act Rules  13a-15(f)),  to the issuer's  auditors and
       the audit  committee  of the  issuer's  board of  directors  (or  persons
       performing the equivalent functions):

         (a)    All  significant  deficiencies  and material  weaknesses  in the
                design or operation of internal control over financial reporting
                which are  reasonably  likely to  adversely  affect the issuer's
                ability  to record,  process,  summarize  and  report  financial
                information; and

         (b)    Any fraud, whether or not material,  that involves management or
                other  employees  who have a  significant  role in the  issuer's
                internal control over financial reporting.

Date: September 27, 2004                             /s/Jerry R. Spurlin
                                                     ---------------------------
                                                     Jerry R. Spurlin
                                                     Chief Financial Officer