UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB

(Mark One)

[X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
           EXCHANGE ACT OF 1934

For the quarterly period ended         September 30, 2000
                                ---------------------------------------------

                                       OR

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____________ to _______________

Commission File Number:            33-84132
                         ---------------------------------------

                        COMMUNITY INVESTORS BANCORP, INC.
------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

               Ohio                                      34-1779309
-------------------------------                -------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

                 119 South Sandusky Avenue, Bucyrus, Ohio 44820
------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (419) 562-7055
------------------------------------------------------------------------------
                           (Issuer's telephone number)

------------------------------------------------------------------------------
(Former  name,  former  address and former  fiscal year,  if changed  since last
report)

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer filed all documents and reports required to be filed by
Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
under a plan confirmed by a court.

Yes [    ]                 No  [    ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable date:  November 8, 2000 - 1,178,438 common
shares

Transitional Small Business Disclosure Format (Check one):  Yes [  ]     No [X]



                               Page 1 of 15 pages

<PAGE>



                                      INDEX

                                                                         Page

PART I   -  FINANCIAL INFORMATION

            Consolidated Statements of Financial Condition                 3

            Consolidated Statements of Earnings                            4

            Consolidated Statements of Comprehensive Income                5

            Consolidated Statements of Cash Flows                          6

            Notes to Consolidated Financial Statements                     8

            Management's Discussion and Analysis of
            Financial Condition and Results of
            Operations                                                    10


PART II  -  OTHER INFORMATION                                             14

SIGNATURES                                                                15






























                                        2



<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                      September 30,            June 30,
         ASSETS                                                                                2000                2000
<S>                                                                                         <C>                    <C>
Cash and due from banks                                                                    $  2,515            $  1,701
Federal funds sold                                                                              265                 310
Interest-bearing deposits in other financial institutions                                       255                 302
                                                                                            -------             -------
         Cash and cash equivalents                                                            3,035               2,313

Investment securities available for sale - at market                                          4,847               5,773
Investment securities held to maturity - at amortized cost, approximate market
  value of $3,274 and $3,556 as of  September 30, 2000 and June 30, 2000                      3,322               3,616
Mortgage-backed  securities available for sale - at market                                    8,710               9,103
Mortgage-backed securities held to maturity - at amortized cost, approximate market
  value of $698 and $742 as of September 30, 2000 and June 30, 2000                             715                 766
Loans receivable - net                                                                       94,883              94,366
Property acquired in settlement of loans                                                         -                   69
Office premises and equipment - at depreciated cost                                             680                 692
Federal Home Loan Bank stock - at cost                                                        1,535               1,507
Accrued interest receivable on loans                                                            126                  86
Accrued interest receivable on mortgage-backed securities                                        52                  52
Accrued interest receivable on investments and interest-bearing deposits                        173                 118
Prepaid expenses and other assets                                                               158                 170
Prepaid federal income taxes                                                                    123                 235
Deferred federal income taxes                                                                    73                 168
                                                                                            -------             -------

         Total assets                                                                      $118,432            $119,034
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 79,785            $ 79,138
Advances from the Federal Home Loan Bank                                                     27,096              28,611
Advances by borrowers for taxes and insurance                                                   100                   5
Accrued interest payable                                                                        277                 329
Other liabilities                                                                               175                 188
                                                                                            -------             -------
         Total liabilities                                                                  107,433             108,271


Stockholders' equity
  Preferred stock, 1,000,000 shares authorized, no par value; no shares issued                   -                   -
  Common stock, 4,000,000 shares authorized, $.01 par value; 1,660,850 shares issued             17                  17
  Additional paid-in capital                                                                  7,195               7,191
  Retained earnings, restricted                                                               8,864               8,728
  Shares acquired by stock benefit plans                                                       (440)               (461)
  Less 480,412 and 468,062 shares of treasury stock - at cost                                (4,510)             (4,408)
  Accumulated other comprehensive losses - unrealized losses on securities
    designated as available for sale, net of related tax effects                               (127)               (304)
                                                                                            -------             -------
         Total stockholders' equity                                                          10,999              10,763
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $118,432            $119,034
                                                                                            =======             =======
</TABLE>




                                        3



<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                       CONSOLIDATED STATEMENTS OF EARNINGS

                 For the three month periods ended September 30,
                        (In thousands, except share data)


                                                                                               2000                1999
<S>                                                                                            <C>                 <C>
Interest income
  Loans                                                                                      $1,884              $1,748
  Mortgage-backed securities                                                                    145                 168
  Investment securities                                                                         171                 149
  Interest-bearing deposits and other                                                            17                   9
                                                                                              -----               -----
         Total interest income                                                                2,217               2,074

Interest expense
  Deposits                                                                                      890                 877
  Borrowings                                                                                    455                 344
                                                                                              -----               -----

         Total interest expense                                                               1,345               1,221
                                                                                              -----               -----

         Net interest income                                                                    872                 853

Provision for losses on loans                                                                    46                  22
                                                                                              -----               -----

         Net interest income after provision
           for losses on loans                                                                  826                 831

Other income
  Gain (loss) on sale of other repossessed assets                                               (16)                  2
  Other operating                                                                                71                  68
                                                                                              -----               -----

         Total other income                                                                      55                  70

General, administrative and other expense
  Employee compensation and benefits                                                            300                 269
  Occupancy and equipment                                                                        33                  34
  Federal deposit insurance premiums                                                              4                  12
  Franchise taxes                                                                                31                  32
  Expenses of property acquired in settlement of loans                                            1                   8
  Data processing                                                                                65                  59
  Other operating                                                                               117                 109
                                                                                              -----               -----

         Total general, administrative and other expense                                        551                 523
                                                                                              -----               -----

         Earnings before income taxes                                                           330                 378

Federal income taxes
  Current                                                                                       107                 166
  Deferred                                                                                        4                 (40)
                                                                                              -----               -----

         Total federal income taxes                                                             111                 126
                                                                                              -----               -----

         NET EARNINGS                                                                        $  219              $  252
                                                                                              =====               =====

         EARNINGS PER SHARE
           Basic                                                                               $.20                $.22
                                                                                                ===                 ===

           Diluted                                                                             $.19                $.22
                                                                                                ===                 ===
</TABLE>

                                        4


<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                    For the three months ended September 30,
                                 (In thousands)


                                                                                                 2000              1999
<S>                                                                                               <C>               <C>
Net earnings                                                                                    $ 219             $ 252

Other comprehensive income, net of tax:
  Unrealized holding gains on securities during the period,
    net of tax of $91 and $55 during the respective periods                                       177               106
                                                                                                 ----              ----


Comprehensive income                                                                            $ 396             $ 358
                                                                                                 ====              ====


Accumulated comprehensive losses                                                                $(127)            $(149)
                                                                                                 ====              ====
</TABLE>




































                                        5


<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                    For the three months ended September 30,
                                 (In thousands)


                                                                                                 2000              1999
<S>                                                                                              <C>               <C>
Cash flows from operating activities:
  Net earnings for the period                                                                  $  219            $  252
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Amortization of discounts and premiums on loans,
      investments and mortgage-backed securities - net                                              8                12
    Amortization of deferred loan origination fees                                                (12)              (20)
    Depreciation and amortization                                                                  15                14
    Provision for losses on loans                                                                  46                22
    Amortization expense of stock benefit plans                                                    25                32
    Gain (loss) on sale of property acquired in settlement of loans                                16                (2)
    Federal Home Loan Bank stock dividends                                                        (28)              (25)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                        (40)              (52)
      Accrued interest receivable on mortgage-backed securities                                    -                  7
      Accrued interest receivable on investments and
        interest-bearing deposits                                                                 (55)             (100)
      Prepaid expenses and other assets                                                            12                (4)
      Accrued interest payable                                                                    (52)              (10)
      Other liabilities                                                                           (13)               46
      Federal income taxes
        Current                                                                                   112                37
        Deferred                                                                                    4               (40)
                                                                                                -----             -----
         Net cash provided by operating activities                                                257               169

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                               1,301                 1
  Purchase of investment securities designated as available for sale                               -             (1,000)
  Principal repayments on mortgage-backed securities                                              623             1,129
  Loan principal repayments                                                                     3,419             5,631
  Loan disbursements                                                                           (3,969)           (8,786)
  Purchase of office premises and equipment                                                        (3)              (11)
  Proceeds from sale of other repossessed assets                                                   52                69
                                                                                                -----             -----
         Net cash provided by (used in) investing activities                                    1,423            (2,967)
                                                                                                -----             -----

         Net cash provided by (used in) operating and investing
           activities (subtotal carried forward)                                                1,680            (2,798)
                                                                                                -----             -----
</TABLE>







                                        6


<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

                    For the three months ended September 30,
                                 (In thousands)


                                                                                                 2000              1999
<S>                                                                                             <C>                <C>
         Net cash provided by (used in) operating and investing activities
           (subtotal brought forward)                                                          $1,680           $(2,798)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                                647               177
  Proceeds from Federal Home Loan Bank advances                                                 3,550            13,000
  Repayment of Federal Home Loan Bank advances                                                 (5,065)          (11,018)
  Advances by borrowers for taxes and insurance                                                    95                 2
  Purchase of treasury stock                                                                     (102)               -
  Dividends on common stock                                                                       (83)              (79)
                                                                                                -----            ------
         Net cash provided by (used in) financing activities                                     (958)            2,082
                                                                                                ------           ------

Net increase (decrease) in cash and cash equivalents                                              722              (716)

Cash and cash equivalents at beginning of period                                                2,313             3,497
                                                                                                -----            ------

Cash and cash equivalents at end of period                                                     $3,035           $ 2,781
                                                                                                =====            ======


Supplemental  disclosure of cash flow  information:
  Cash paid during the period for:
    Federal income taxes                                                                       $   -            $   142
                                                                                                =====            ======

    Interest on deposits and borrowings                                                        $1,397           $ 1,131
                                                                                                =====            ======

Supplemental disclosure of noncash investing activities:

  Transfers of loans to other repossessed assets                                               $   -            $   125
                                                                                                =====            ======

  Unrealized gains on securities designated as available for
    sale, net of related tax effects                                                           $  177           $   106
                                                                                                =====            ======
</TABLE>













                                        7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

             For the three months ended September 30, 2000 and 1999


    1.   Basis of Presentation

    The accompanying  unaudited  consolidated financial statements were prepared
    in  accordance  with  instructions  for Form 10-QSB and,  therefore,  do not
    include  information or footnotes  necessary for a complete  presentation of
    consolidated  financial  position,  results of operations  and cash flows in
    conformity with generally accepted accounting principles. Accordingly, these
    financial  statements  should be read in conjunction  with the  consolidated
    financial statements and notes thereto of Community Investors Bancorp,  Inc.
    (the  "Corporation")  included  in the Annual  Report on Form 10-KSB for the
    year  ended June 30,  2000.  However,  in the  opinion  of  management,  all
    adjustments  (consisting  of  only  normal  recurring  accruals)  which  are
    necessary  for a fair  presentation  of the financial  statements  have been
    included.  The  results  of  operations  for the three  month  period  ended
    September 30, 2000 are not  necessarily  indicative of the results which may
    be expected for an entire fiscal year.

    2.   Principles of Consolidation

    The accompanying  consolidated  financial statements include the accounts of
    the Corporation and its wholly owned  subsidiary,  First Federal Savings and
    Loan   Association   of  Bucyrus  (the   "Association").   All   significant
    intercompany items have been eliminated.

    3.   Earnings Per Share

    Basic earnings per share is computed based upon the weighted-average  common
    shares  outstanding  during  the  period  less  shares  in the ESOP that are
    unallocated and not committed to be released. Weighted-average common shares
    deemed  outstanding,  which gives effect to 65,836  unallocated ESOP shares,
    totaled  1,121,494  for the three month  period  ended  September  30, 2000.
    Weighted-average  common  shares deemed  outstanding,  which gives effect to
    79,272 unallocated ESOP shares, totaled 1,139,412 for the three month period
    ended September 30, 1999.

    Diluted  earnings  per share is computed  taking into  consideration  common
    shares  outstanding and dilutive  potential common shares to be issued under
    the Corporation's stock option plan.  Weighted-average  common shares deemed
    outstanding  for purposes of computing  diluted  earnings per share  totaled
    1,135,818 and 1,162,133 for the three month periods ended September 30, 2000
    and 1999,  respectively.  Incremental shares related to the assumed exercise
    of stock options  included in the calculation of diluted  earnings per share
    totaled  14,324 and 22,721 for the three month periods  ended  September 30,
    2000 and 1999, respectively.

    Options to purchase  19,521  shares of common stock with a  weighted-average
    exercise  price of $10.72 were  outstanding  at September 30, 2000, but were
    excluded from the  computation  of diluted  earnings per share because their
    exercise  prices were  greater  than the average  market price of the common
    shares.




                                        8


<PAGE>


                        Community Investors Bancorp, Inc.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

             For the three months ended September 30, 2000 and 1999


    4.   Effects of Recent Accounting Pronouncements

    In June 1998, the Financial  Accounting  Standards Board (the "FASB") issued
    Statement of Financial  Accounting  Standards ("SFAS") No. 133,  "Accounting
    for Derivative  Instruments and Hedging Activities," which requires entities
    to recognize all derivatives in their financial  statements as either assets
    or  liabilities  measured at fair  value.  SFAS No. 133 also  specifies  new
    methods of accounting  for hedging  transactions,  prescribes  the items and
    transactions that may be hedged,  and specifies  detailed criteria to be met
    to qualify for hedge accounting.

    The  definition  of a derivative  financial  instrument  is complex,  but in
    general,  it is an  instrument  with  one or  more  underlyings,  such as an
    interest  rate or  foreign  exchange  rate,  that is  applied  to a notional
    amount,  such  as  an  amount  of  currency,  to  determine  the  settlement
    amount(s).  It generally requires no significant  initial investment and can
    be settled  net or by delivery  of an asset that is readily  convertible  to
    cash.  SFAS No. 133  applies to  derivatives  embedded  in other  contracts,
    unless the  underlying  of the  embedded  derivative  is clearly and closely
    related to the host contract.

    SFAS No.  133, as amended by SFAS No. 137,  is  effective  for fiscal  years
    beginning  after June 15,  2000.  On  adoption,  entities  are  permitted to
    transfer  held-to-maturity  debt  securities  to the  available-for-sale  or
    trading  category  without  calling into question their intent to hold other
    debt securities to maturity in the future.  Management  adopted SFAS No. 133
    effective  July  1,  2000,  as  required,  without  material  impact  on the
    Corporation's financial statements.

    In September  2000, the FASB issued SFAS No. 140  "Accounting  for Transfers
    and Servicing of Financial Assets and Extinguishments of Liabilities", which
    revises the standards for accounting for securitizations and other transfers
    of financial  assets and collateral and requires  certain  disclosures,  but
    carries over most of the provisions of SFAS No. 125 without reconsideration.
    SFAS No. 140 is effective for  transfers  and servicing of financial  assets
    and  extinguishments  of  liabilities  occurring  after March 31, 2001.  The
    Statement is effective for  recognition and  reclassification  of collateral
    and for disclosures  relating to securitization  transactions and collateral
    for  fiscal  years  ending  after  December  15,  2000.  SFAS No. 140 is not
    expected to have a material effect on the Corporation's  financial  position
    or results of operations.














                                        9



<PAGE>


                        Community Investors Bancorp, Inc.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS


Forward-Looking Statements

In addition to historical information contained herein, the following discussion
contains  forward-looking  statements  that  involve  risks  and  uncertainties.
Economic  circumstances,  the  Corporation's  operations  and the  Corporation's
actual  results  could  differ   significantly   from  those  discussed  in  the
forward-looking  statements.  Some of the factors that could cause or contribute
to such differences are discussed herein but also include changes in the economy
and interest rates in the nation and the Corporation's market area generally.

Some of the  forward-looking  statements  included  herein  are  the  statements
regarding management's determination of the amount and adequacy of the allowance
for loan losses and the effect of recent accounting pronouncements.


Discussion  of Financial  Condition  Changes from June 30, 2000 to September 30,
2000

At September 30, 2000,  the  Corporation's  assets  totaled  $118.4  million,  a
decrease of $602,000,  or 0.5%,  from the level  reported at June 30, 2000.  The
decrease in assets was  primarily  attributable  to a $1.7  million  decrease in
investment  and  mortgage-backed  securities,  which  was  partially  offset  by
$517,000 increase in loans receivable.

Cash,  interest-bearing  deposits,  investment  securities  and  mortgage-backed
securities  totaled $20.6 million at September 30, 2000, a decrease of $176,000,
or .8%, from June 30, 2000.  The decrease was due  primarily to  maturities  and
repayments  of  investment  and  mortgage-backed  securities of $1.3 million and
$623,000, respectively. Regulatory liquidity amounted to 10.85% at September 30,
2000.

Loans  receivable  totaled  $94.9  million at September 30, 2000, an increase of
$517,000, or .5%, over June 30, 2000 levels. Loan disbursements amounted to $4.0
million which were partially offset by principal repayments of $3.4 million. The
volume of loan  disbursements  during the three months ended  September 30, 2000
decreased by $4.8 million,  or 54.8%, from the same period in 1999 due to rising
interest  rates and less  refinancing  activity.  The  allowance for loan losses
totaled  $511,000 at  September  30,  2000,  as compared to $484,000 at June 30,
2000. Nonperforming loans totaled $540,000 at September 30, 2000, as compared to
$449,000 at June 30, 2000.  The allowance for loan losses  represented  94.6% of
nonperforming  loans as of  September  30,  2000 and  107.8%  at June 30,  2000.
Although management believes that its allowance for loan losses at September 30,
2000, is adequate based upon the available facts and circumstances, there can be
no assurance  that  additions to such  allowance will not be necessary in future
periods, which could adversely affect the Corporation's results of operations.








                                       10


<PAGE>


                        Community Investors Bancorp, Inc.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (CONTINUED)


Discussion  of Financial  Condition  Changes from June 30, 2000 to September 30,
2000 (continued)

Deposits  totaled  $79.8 million at September 30, 2000, an increase of $647,000,
or 0.8%, over June 30, 2000 levels.  Management continued its efforts to achieve
a moderate rate of growth through marketing and pricing strategies.

Advances  from the Federal Home Loan Bank totaled $27.1 million at September 30,
2000, a decrease of $1.5 million,  or 5.3%, from June 30, 2000 levels.  Advances
were repaid primarily with funds from increased  deposit balances and maturities
of investment and mortgage-backed securities, as previously discussed.

Stockholder's equity totaled $11.0 million at September 30, 2000, an increase of
$236,000,  or 2.2% over June 30, 2000 levels.  The increase  resulted  primarily
from net earnings of $219,000 coupled with  amortization of stock benefit plans,
which were partially offset by repurchases of 12,350 shares of treasury stock at
an aggregate  price of $102,000 and dividend  payments on common stock  totaling
$83,000.

The Association is required to meet minimum capital standards promulgated by the
Office of Thrift  Supervision  (OTS).  At September 30, 2000, the  Association's
capital was well in excess of such minimum capital requirements.


Comparison of Operating  Results for the Three Month Periods Ended September 30,
2000 and 1999

General

The  Corporation's  net  earnings  totaled  $219,000  for the three months ended
September  30, 2000, a decrease of $33,000,  or 13.1%,  from the $252,000 of net
earnings reported for the same period in 1999. The decrease in earnings resulted
primarily  from a $24,000  increase  in the  provision  for  losses on loans,  a
$15,000   decrease  in  other   income  and  a  $28,000   increase  in  general,
administrative  and other  expense,  which  were  partially  offset by a $19,000
increase in net  interest  income and a $15,000  decrease in the  provision  for
federal income taxes.

Net Interest Income

Net interest  income  increased by $19,000,  or 2.2%, for the three months ended
September  30,  2000,  compared  to the 1999  period.  Interest  income on loans
increased by $136,000,  or 7.8%, due primarily to a $1.5 million increase in the
average net portfolio balance of loans outstanding year-to-year,  coupled with a
45 basis point increase in the average yield.  Interest income on investment and
mortgage-backed securities and interest-bearing deposits increased by $7,000, or
2.1%, as a $1.6 million decrease in the average  portfolio  balance  outstanding
was offset by a increase in the average yield.





                                       11



<PAGE>


                        Community Investors Bancorp, Inc.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (CONTINUED)


Comparison of Operating  Results for the Three Month Periods Ended September 30,
2000 and 1999

Net Interest Income (continued)

Interest expense on deposits increased by $13,000,  or 1.5%, due primarily to an
increase in the cost of deposits  year-to-year,  which was partially offset by a
$593,000  decrease in the  average  balance of  deposits  outstanding.  Interest
expense on borrowings  increased by $111,000,  or 32.3%, due primarily to a $2.9
million  increase in the  weighted-average  balance of advances from the Federal
Home Loan Bank outstanding.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  increased by $19,000,  or 2.2%, to a total of $872,000 for
the three months ended  September 30, 2000. The interest rate spread amounted to
approximately  2.70% in the 2000 three month period, as compared to 2.57% during
the 1999 period,  while the net interest margin totaled  approximately  3.02% in
2000, as compared to 2.96% in 1999.

Provision for Losses on Loans

A  provision  for  losses on loans is  charged  to  earnings  to bring the total
allowance for loan losses to a level considered  appropriate by management based
on  historical  experience,  the  volume and type of  lending  conducted  by the
Association,  the status of past due  principal and interest  payments,  general
economic conditions, particularly as such conditions relate to the Association's
market  area,  and  other  factors   related  to  the   collectibility   of  the
Association's loan portfolio. As a result of such analysis,  management recorded
a $46,000  provision  for losses on loans  during the three month  period  ended
September 30, 2000, an increase of $24,000 from the comparable 1999 period.  The
current period  provision  reflects the growth in the loan portfolio  integrated
with an overall increase in nonperforming loans, which consists substantially of
one- to four-family  residential  mortgage loans that  management  deems to have
adequate  levels of  collateralization.  There can be no assurance that the loan
loss  allowance  of  the  Association  will  be  adequate  to  cover  losses  on
nonperforming assets in the future.

Other Income

Other income decreased by $15,000 for the three months ended September 30, 2000,
compared to the same period in 1999, due primarily to a $16,000 loss on the sale
of repossessed  assets.  Exclusive of this loss, the Corporation's  other income
would have  increased  by $3,000,  primarily  due to  increased  service fees on
deposit accounts and transactions.









                                       12


<PAGE>


                        Community Investors Bancorp, Inc.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (CONTINUED)


Comparison of Operating  Results for the Three Month Periods Ended September 30,
2000 and 1999 (continued)

General, Administrative and Other Expense

General,  administrative and other expense increased by $28,000, or 5.4%, during
the three months ended September 30, 2000,  compared to the same period in 1999.
This increase resulted primarily from a $31,000, or 11.5%,  increase in employee
compensation  and benefits and a $6,000,  or 10.2%,  increase in data processing
expense,  which was partially offset by an $8,000, or 66.7%, decrease in federal
deposit insurance premiums.  The increase in employee  compensation and benefits
was due to normal merit  increases and a reduction in deferred loan  origination
costs  attendant to the decline in lending  volume year to year. The increase in
data processing  expense resulted  primarily from an increase in item processing
transaction  levels,  coupled with increased  costs  attendant  computer  system
upgrades.  The decrease in federal deposit insurance premiums reflects the lower
premium rates in fiscal 2000.

Federal Income Taxes

The provision for federal income taxes  decreased by $15,000,  or 11.9%,  during
the three months  ended  September  30, 2000,  as compared to the same period in
1999. Net earnings before income taxes decreased by $48,000, or 12.7%,  compared
to the three months ended September 30, 1999. The effective tax rates were 33.6%
and 33.3% for the three months ended September 30, 2000 and 1999, respectively.
























                                       13


<PAGE>


                        Community Investors Bancorp, Inc.

                                     PART II


ITEM 1.  Legal Proceedings

         Not applicable


ITEM 2.  Changes in Securities and Use of Proceeds

         Not applicable


ITEM 3.  Defaults Upon Senior Securities

         Not applicable


ITEM 4.  Submission of Matters to a Vote of Security Holders

          On  October  23,  2000,  the  Annual  Meeting  of  the   Corporation's
          Shareholders  was  held.  Each of the four  directors  nominated  were
          elected,  for a two-year term and until their  successors  are elected
          and qualified, by the following votes:

          John W. Kennedy         For:  860,365         Withheld:  135,875
          David M. Auck           For:  860,365         Withheld:  135,875
          Philip E. Harris        For:  858,240         Withheld:  138,000
          John D. Mizick          For:  856,090         Withheld:  140,150

          One other  matter was  submitted  to the  shareholders,  for which the
          following votes were cast:

          Ratification  of the  appointment of Grant Thornton LLP as independent
          auditors of the Corporation for the fiscal year ended June 30, 2001.

          For:  975,198         Against:  13,900            Abstain:  7,142



ITEM 5.  Other Information

         None


ITEM 6.  Exhibits and Reports on Form 8-K

         Reports on Form 8-K:             None.

         Exhibits

           15:                            Independent Accountants' Report

           27:                            Financial Data Schedule for the three
                                          months ended September 30, 2000.


                                       14


<PAGE>




                        Community Investors Bancorp, Inc.

                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.





Date:  November 14, 2000                      By:  /s/John W. Kennedy
     --------------------------                    ---------------------------
                                                     John W. Kennedy
                                                     President and Chief
                                                     Executive Officer



Date:  November 14, 2000                      By:  /s/Robert W. Siegel
     --------------------------                    ---------------------------
                                                     Robert W. Siegel
                                                     Assistant Vice President
                                                     Controller and Treasurer































                                       15