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           December 31, 2002
                                -----------------------------------------------

                                       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: February 14, 2003 - 1,094,638 common
shares

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





                                  Page 1 of 19
<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                                                    11

             Controls and Procedures                                       15


PART II  -  OTHER INFORMATION                                              16

SIGNATURES                                                                 17

CERTIFICATIONS                                                             18



































                                       2
<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                       December 31,            June 30,
         ASSETS                                                                                2002                2002
<S>                                                                                           <C>                  <C>
Cash and due from banks                                                                    $  1,538            $  1,262
Interest-bearing deposits in other financial institutions                                     8,692               6,289
                                                                                            -------             -------
         Cash and cash equivalents                                                           10,230               7,551

Investment securities available for sale - at market                                          7,476               8,566
Investment securities held to maturity - at amortized cost, approximate
  market  value of $87 and $91 as of  December 31, 2002 and
  June 30, 2002, respectively                                                                    87                  89
Mortgage-backed securities available for sale - at market                                     2,855               4,197
Mortgage-backed securities held to maturity - at amortized cost, approximate
  market value of $433 and $492 as of December 31, 2002 and June 30, 2002,
  respectively                                                                                  422                 497
Loans receivable - net                                                                       96,354              95,669
Office premises and equipment - at depreciated cost                                           1,169                 730
Federal Home Loan Bank stock - at cost                                                        1,750               1,710
Accrued interest receivable on loans                                                            353                 175
Accrued interest receivable on mortgage-backed securities                                        16                  24
Accrued interest receivable on investments and interest-bearing deposits                         86                 107
Prepaid expenses and other assets                                                               187                 223
Prepaid federal income taxes                                                                    313                 252
                                                                                            -------             -------

         Total assets                                                                      $121,298            $119,790
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 86,440            $ 85,656
Advances from the Federal Home Loan Bank                                                     21,267              21,334
Advances by borrowers for taxes and insurance                                                   254                  70
Accrued interest payable                                                                        173                 168
Other liabilities                                                                               156                 124
Deferred federal income taxes                                                                   150                 114
                                                                                            -------             -------
         Total liabilities                                                                  108,440             107,466


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                                                                  7,375               7,310
  Retained earnings, restricted                                                              10,784              10,371
  Shares acquired by stock benefit plans                                                       (129)               (208)
  Less 560,312 and 557,812 shares of treasury stock at December 31, 2002 and June 30,
    2002, respectively - at cost                                                             (5,263)             (5,234)
  Accumulated other comprehensive income - unrealized gains on securities
    designated as available for sale, net of related tax effects                                 74                  68
                                                                                            -------             -------
         Total stockholders' equity                                                          12,858              12,324
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $121,298            $119,790
                                                                                            =======             =======
</TABLE>





                                       3
<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                       CONSOLIDATED STATEMENTS OF EARNINGS

                        (In thousands, except share data)


                                                                          Six months ended           Three months ended
                                                                            December 31,                  December 31,
                                                                         2002         2001            2002         2001
<S>                                                                     <C>           <C>             <C>         <C>
Interest income
  Loans                                                                $3,381       $3,719          $1,690       $1,847
  Mortgage-backed securities                                              101          195              44           92
  Investment securities                                                   234          208             107           93
  Interest-bearing deposits and other                                      36           16              17            7
                                                                        -----        -----           -----        -----
         Total interest income                                          3,752        4,138           1,858        2,039

Interest expense
  Deposits                                                              1,157        1,646             550          779
  Borrowings                                                              666          672             334          335
                                                                        -----        -----           -----        -----
         Total interest expense                                         1,823        2,318             884        1,114
                                                                        -----        -----           -----        -----

         Net interest income                                            1,929        1,820             974          925

Provision for losses on loans                                              27           60              25           22
                                                                        -----        -----           -----        -----

         Net interest income after provision
           for losses on loans                                          1,902        1,760             949          903

Other income
  Loss on sale of repossessed assets                                       (9)          -               (2)          -
  Other operating                                                         206          198             111          119
                                                                        -----        -----           -----        -----
         Total other income                                               197          198             109          119

General, administrative and other expense
  Employee compensation and benefits                                      635          548             304          272
  Occupancy and equipment                                                  82           75              43           36
  Franchise taxes                                                          23           67              36           34
  Data processing                                                         160          129              85           66
  Other operating                                                         308          241             143          125
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                1,208        1,060             611          533
                                                                        -----        -----          ------       ------

         Earnings before income taxes                                     891          898             447          489

Federal income taxes
  Current                                                                 269          261             117          132
  Deferred                                                                 33           42              34           33
                                                                        -----        -----           -----        -----
         Total federal income taxes                                       302          303             151          165
                                                                        -----        -----           -----        -----

         NET EARNINGS                                                  $  589       $  595          $  296       $  324
                                                                        =====        =====           =====        =====

         EARNINGS PER SHARE
           Basic                                                         $.55         $.55            $.27         $.30
                                                                          ===          ===             ===          ===

           Diluted                                                       $.54         $.53            $.27         $.29
                                                                          ===          ===             ===          ===
</TABLE>




                                       4
<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                 (In thousands)


                                                                         Six months ended             Three months ended
                                                                            December 31,                  December 31,
                                                                         2002         2001            2002         2001
<S>                                                                       <C>         <C>              <C>          <C>
Net earnings                                                             $589         $595            $296         $324

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities during the period,
    net of taxes (benefits) of $3, $26, $(40) and $(16) for the
    respective periods                                                      6           50             (78)         (32)
                                                                          ---          ---             ---          ---


Comprehensive income                                                     $595         $645            $218         $292
                                                                          ===          ===             ===          ===


Accumulated comprehensive income                                         $ 74         $ 38            $ 74         $ 38
                                                                          ===          ===             ===          ===
</TABLE>











































                                       5
<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                      For the six months ended December 31,
                                 (In thousands)


                                                                                                 2002              2001
<S>                                                                                              <C>               <C>
Cash flows from operating activities:
  Net earnings for the period                                                                 $   589           $   595
  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                                             27                 3
    Amortization of deferred loan origination fees                                                (35)              (53)
    Depreciation and amortization                                                                  28                27
    Provision for losses on loans                                                                  27                60
    Amortization expense of stock benefit plans                                                   144               160
    Loss on sale of repossessed assets                                                              9                -
    Federal Home Loan Bank stock dividends                                                        (40)              (51)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                       (178)              (52)
      Accrued interest receivable on mortgage-backed securities                                     8                10
      Accrued interest receivable on investments and
        interest-bearing deposits                                                                  21                (5)
      Prepaid expenses and other assets                                                            34               124
      Accrued interest payable                                                                      5                (2)
      Other liabilities                                                                            32               (86)
      Federal income taxes
        Current                                                                                   (61)              (54)
        Deferred                                                                                   33                42
                                                                                               ------            ------
         Net cash provided by operating activities                                                643               718

Cash flows provided by investing activities:
  Proceeds from maturity of investment securities                                               4,942             3,115
  Purchase of investment securities designated as available for sale                           (3,820)           (3,080)
  Principal repayments on mortgage-backed securities                                            1,369             1,422
  Loan principal repayments                                                                    16,849            17,733
  Loan disbursements                                                                          (17,558)          (18,014)
  Purchase of office premises and equipment                                                      (467)              (33)
  Proceeds from sale of repossessed assets                                                         25                 8
                                                                                               ------            ------
         Net cash provided by investing activities                                              1,340             1,151
                                                                                               ------            ------

         Net cash provided by operating and investing
           activities (subtotal carried forward)                                                1,983             1,869
                                                                                               ------            ------
</TABLE>









                                       6
<PAGE>
                        Community Investors Bancorp, Inc.

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

                     For the six months ended December 31,


                                                                                                 2002              2001
<S>                                                                                              <C>              <C>
         Net cash provided by operating and investing
           activities (subtotal brought forward)                                              $ 1,983            $1,869

Cash flows provided by (used in) financing activities:
  Net increase (decrease) in deposit accounts                                                     784              (656)
  Repayment of Federal Home Loan Bank advances                                                    (67)             (839)
  Advances by borrowers for taxes and insurance                                                   184               183
  Purchase of treasury stock                                                                      (29)             (223)
  Dividends on common stock                                                                      (176)             (172)
                                                                                               ------             -----
         Net cash provided by (used in) financing activities                                      696            (1,707)
                                                                                               ------             -----

Net increase in cash and cash equivalents                                                       2,679               162

Cash and cash equivalents at beginning of period                                                7,551             3,393
                                                                                               ------             -----

Cash and cash equivalents at end of period                                                    $10,230            $3,555
                                                                                               ======             =====


Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                                                      $   357            $  333
                                                                                               ======             =====

    Interest on deposits and borrowings                                                       $ 1,818            $2,320
                                                                                               ======             =====

Supplemental disclosure of noncash investing activities:
  Transfers from loans to repossessed assets                                                  $    32            $   -
                                                                                               ======             =====

  Unrealized gains on securities designated as available
    for sale, net of related tax effects                                                      $     6            $   50
                                                                                               ======             =====
</TABLE>




















                                       7
<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

          For the six and three months ended December 31, 2002 and 2001


    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 accounting principles generally accepted in the United
    States of America. 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, 2002. 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 six and
    three month periods ended December 31, 2002 are not necessarily indicative
    of the results which may be expected for the 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 Community
    Bank of Bucyrus (the "Bank"). All significant intercompany items have been
    eliminated.

    3.   Earnings Per Share

    Basic earnings per share is computed based upon the weighted-average 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 gives effect to a reduction for 38,964 and 52,400
    weighted-average unallocated shares held by the ESOP for the six and three
    month periods ended December 31, 2002 and 2001, respectively.

    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. The computations were as follows:
<TABLE>
<CAPTION>

                                                                For the six months ended      For the three months ended
                                                                      December 31,                     December 31,
                                                                   2002           2001              2002           2001
<S>                                                               <C>            <C>              <C>            <C>
    Weighted-average common shares
      outstanding (basic)                                     1,063,598      1,087,571         1,063,123      1,080,475
    Dilutive effect of  assumed exercise
      of stock options                                           36,860         28,333            37,879         28,384
                                                              ---------      ---------         ---------      ---------
    Weighted-average common shares
      outstanding (diluted)                                   1,100,458      1,115,904         1,101,002      1,108,859
                                                              =========      =========         =========      =========
</TABLE>











                                       8

<PAGE>


                        Community Investors Bancorp, Inc.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

          For the six and three months ended December 31, 2002 and 2001


    4.   Effects of Recent Accounting Pronouncements

    In August 2001, the Financial Accounting Standards Board ("FASB") issued
    Statement of Financial Accounting Standards ("SFAS") No. 144, "Accounting
    for the Impairment or Disposal of Long-Lived Assets." SFAS No. 144 carries
    over the recognition and measurement provisions in SFAS No. 121.
    Accordingly, an entity must recognize an impairment loss if the carrying
    value of a long-lived asset or asset group (a) is not recoverable and (b)
    exceeds its fair value. Similar to SFAS No. 121, SFAS No. 144 requires an
    entity to test an asset or asset group for impairment whenever events or
    changes in circumstances indicate that its carrying amount may not be
    recoverable. SFAS No. 144 differs from SFAS No. 121 in that it provides
    guidance on estimating future cash flows to test recoverability. SFAS No.
    144 is effective for financial statements issued for fiscal years beginning
    after December 15, 2001 and interim periods within those fiscal years.
    Management adopted SFAS No. 144 effective July 1, 2002, without material
    effect on the Corporation's financial condition or results of operations.

    In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
    with Exit or Disposal Activities." SFAS No. 146 provides financial
    accounting and reporting guidance for costs associated with exit or disposal
    activities, including one-time termination benefits, contract termination
    costs other than for a capital lease, and costs to consolidate facilities or
    relocate employees. SFAS No. 146 is effective for exit or disposal
    activities initiated after December 31, 2002. SFAS No. 146 is not expected
    to have a material effect on the Corporation's financial condition or
    results of operations.

    In October  2002,  the FASB issued SFAS No.  147,  "Accounting  for Certain
    Financial Institutions:  An Amendment of FASB Statements No. 72 and 144 and
    FASB  Interpretation  No.  9,"  which  removes  acquisitions  of  financial
    institutions  from the  scope  of SFAS  No.  72,  "Accounting  for  Certain
    Acquisitions of Banking and Thrift  Institutions,"  except for transactions
    between mutual  enterprises.  Accordingly,  the excess of the fair value of
    liabilities  assumed over the fair value of tangible and intangible  assets
    acquired in a business  combination  should be recognized and accounted for
    as goodwill in accordance with SFAS No. 141,  "Business  Combinations," and
    SFAS No. 142, "Goodwill and Other Intangible Assets."

    SFAS No. 147 also requires that the acquisition of a less-than-whole
    financial institution, such as a branch, be accounted for as a business
    combination if the transferred assets and activities constitute a business.
    Otherwise, the acquisition should be accounted for as the acquisition of net
    assets.

    SFAS No. 147 also amends the scope of SFAS No. 144, "Accounting for the
    Impairment or Disposal of Long-Lived Assets," to include long-term customer
    relationship assets of financial institutions (including mutual enterprises)
    such as depositor- and borrower-relationship intangible assets and credit
    cardholder intangible assets.

    The provisions of SFAS No. 147 related to unidentifiable intangible assets
    and the acquisition of a less-than-whole financial institution are effective
    for acquisitions for which the date of acquisition is on or after October 1,
    2002. The provisions related to impairment of long-term customer
    relationship assets are effective October 1, 2002. Transition provisions for
    previously recognized unidentifiable intangible assets are effective on
    October 1, 2002, with earlier application permitted.

    SFAS No. 147 is not expected to have a material effect on the Corporation's
    financial condition or results of operations.






                                       9
<PAGE>


                        Community Investors Bancorp, Inc.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

          For the six and three months ended December 31, 2002 and 2001


    4.   Effects of Recent Accounting Pronouncements (continued)

    In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
    Compensation - Transition and Disclosure." SFAS No. 148 amends SFAS No. 123,
    "Accounting for Stock-Based Compensation," to provide alternative methods of
    transition for a voluntary change to the fair value based method of
    accounting for stock-based employee compensation. In addition, SFAS No. 148
    amends the disclosure requirements of SFAS No. 123 to require prominent
    disclosures in both annual and interim financial statements about the method
    of accounting for stock-based employee compensation and the effect of the
    method used on reported results. SFAS No. 148 is effective for fiscal years
    beginning after December 15, 2002. The interim disclosure provisions are
    effective for financial reports containing financial statements for interim
    periods beginning after December 15, 2002. SFAS No. 148 is not expected to
    have a material effect on the Corporation's financial position or results of
    operations.








































                                       10
<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, 2002 to December 31,
2002

At December 31, 2002, the Corporation's assets totaled $121.3 million, an
increase of $1.5 million, or 1.3%, compared to the level reported at June 30,
2002. The increase in assets was primarily comprised of a $2.7 million increase
in cash and cash equivalents and a $685,000 increase in loans receivable, which
were partially offset by a $2.5 million decrease in investment and mortgage
backed securities.

Cash and interest-bearing deposits totaled $10.2 million at December 31, 2002,
an increase of $2.7 million, or 35.5%, over June 30, 2002. Investment and
mortgage-backed securities totaled $10.8 million at December 31, 2002, a
decrease of $2.5 million, or 18.8%, from June 30, 2002, due primarily to
maturities of investment securities and repayments on mortgage-backed securities
totaling $6.3 million, partially offset by purchases of investment securities of
$3.8 million.

Loans receivable totaled $96.4 million at December 31, 2002, an increase of
$685,000, or .7%, over June 30, 2002 levels. The increase was due primarily to
loan disbursements of $17.6 million during the six-month period ended December
31, 2002, which were partially offset by principal repayments of $16.8 million.
The volume of loan disbursements during the six months ended December 31, 2002,
decreased by $456,000, or 2.5%, compared to the same period in 2001, due
primarily to the current interest rate environment and a decrease in refinancing
activity. The allowance for loan losses totaled $537,000 at December 31, 2002,
as compared to $558,000 at June 30, 2002. Nonperforming loans totaled $1.3
million at December 31, 2002, as compared to $619,000 at June 30, 2002. The
allowance for loan losses represented 40.0% of nonperforming loans as of
December 31, 2002 and 90.1% at June 30, 2002. Nonperforming loans at December
31, 2002, were comprised of one- to four-family residential loans totaling $1.2
million and multi-family, consumer and commercial loans totaling $114,000.
Management believes all nonperforming loans were adequately collateralized at
December 31, 2002. Although management believes that its allowance for loan
losses at December 31, 2002, 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.

Deposits totaled $86.4 million at December 31, 2002, an increase of $784,000, or
..9%, compared to June 30, 2002 levels. The increase was due primarily to
management's continuing marketing efforts. While management has generally
pursued a strategy of moderate growth in the deposit portfolio, the Bank
historically has not engaged in sporadic increases and decreases in interest
rates, nor has it offered the highest interest rates on deposits in its market
area.






                                       11
<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, 2002 to December 31,
2002 (continued)

Stockholders' equity totaled $12.9 million at December 31, 2002, an increase of
$534,000, or 4.3%, over June 30, 2002 levels. The increase resulted primarily
from net earnings of $589,000 and the effects of amortization of stock benefit
plans totaling $144,000, which were partially offset by repurchases of 2,500
shares of treasury stock at an aggregate price of $29,000 and dividend payments
on common stock totaling $176,000.

The Bank is required to meet minimum capital standards promulgated by the Office
of Thrift Supervision ("OTS"). At December 31, 2002, the Bank's capital was well
in excess of such minimum capital requirements.


Comparison of Operating  Results for the Six Month  Periods  Ended  December 31,
2002 and 2001

General

The Corporation's net earnings totaled $589,000 for the six months ended
December 31, 2002, a decrease of $6,000, or 1.0%, compared to the $595,000 of
net earnings reported for the same period in 2001. The decrease in earnings
resulted primarily from a $148,000 increase in general, administrative and other
expense, which was partially offset by a $109,000 increase in net interest
income and a $33,000 decrease in the provision for losses on loans.

Net Interest Income

Interest income on loans decreased by $338,000, or 9.1%, during the six months
ended December 31, 2002, compared to the 2001 period, due primarily to an 83
basis point decrease in the average yield, to 7.03% in the 2002 period. Interest
income on investment and mortgage-backed securities and interest-bearing
deposits decreased by $48,000, or 11.5%, due to a 204 basis point decrease in
the average yield year to year, which was partially offset by a $7.0 million, or
44.3%, increase in the average portfolio balance outstanding.

Interest expense on deposits decreased by $489,000, or 29.7%, during the six
months ended December 31, 2002, compared to the 2001 period, due primarily to a
142 basis point decrease in the average cost of deposits year to year, to 2.68%
in the 2002 period, which was partially offset by a $6.0 million, or 7.5%,
increase in the average balance of deposits outstanding. Interest expense on
borrowings decreased by $6,000, or .9%, due primarily to a $172,000 decrease in
the weighted-average balance of Federal Home Loan Bank advances outstanding. The
decreases in the average yields on interest-earning assets and average costs of
interest-bearing liabilities were due primarily to the overall decrease in
interest rates in the economy throughout 2001 and 2002.

As a result of the foregoing changes in interest income and interest expense,
net interest income increased by $109,000, or 6.0%, to a total of $1.9 million
for the six months ended December 31, 2002. The interest rate spread amounted to
2.91% in the 2002 six month period, as compared to 2.94% during the 2001 period,
while the net interest margin totaled approximately 3.24% in 2002, as compared
to 3.30% in 2001.












                                       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 Six Month Periods Ended December 31,
2002 and 2001 (continued)

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
upon an analysis of historical experience, the volume and type of lending
conducted by the Bank, the status of past due principal and interest payments,
general economic conditions, particularly as such conditions relate to the
Bank's market area, and other factors related to the collectibility of the
Bank's loan portfolio. As a result of such analysis, management recorded a
$27,000 provision for losses on loans during the six month period ended December
31, 2002, compared to $60,000 in the comparable 2001 period. The current period
provision was predicated primarily upon the increase in nonperforming loans and
the growth in the loan portfolio. There can be no assurance that the loan loss
allowance of the Bank will be adequate to cover losses on nonperforming assets
in the future.

Other Income

Other income totaled $197,000 for the six months ended December 31, 2002, a
decrease of $1,000, or .5%, compared to the same period in 2001. The decrease
was due primarily to a $9,000 loss on the sale of repossessed assets, partially
offset by an $8,000, or 4.0%, increase in other operating income, due primarily
to increases in service fees on deposit accounts and transactions.

General, Administrative and Other Expense

General, administrative and other expense totaled $1.2 million for the six
months ended December 31, 2002, an increase of $148,000, or 14.0%, compared to
the same period in 2001. This increase resulted primarily from an $87,000, or
15.9%, increase in employee compensation and benefits, a $31,000, or 24.0%,
increase in data processing and a $67,000, or 27.8%, increase in other operating
expense, which were partially offset by a $44,000, or 65.7%, decrease in
franchise taxes. The increase in employee compensation and benefits was due
primarily to increased pension plan costs, normal merit increases, and a
decrease in deferred loan origination costs year to year. The increase in data
processing resulted primarily from costs associated with the Bank's data
conversion to a new processing platform, which will provide additional benefits
to customers, including the capability to provide new products and services, as
well as to facilitate the Bank's future growth. The increase in other operating
expense was due primarily to costs incurred in connection with the data
processing conversion, as well as pro-rata increases in operating costs related
to the Corporation's overall growth year to year. The decrease in franchise
taxes was due to tax refunds claimed on prior year filings.

Federal Income Taxes

The provision for federal income taxes totaled $302,000 for the six months ended
December 31, 2002, a decrease of $1,000, or .3%, compared to the same period in
2001. Net earnings before income taxes decreased by $7,000, or .8%, compared to
the six months ended December 31, 2001. The effective tax rates were 33.9% and
33.7% for the six months ended December 31, 2002 and 2001, respectively.









                                       13
<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  December 31,
2002 and 2001

General

The Corporation's net earnings totaled $296,000 for the three months ended
December 31, 2002, a decrease of $28,000, or 8.6%, from the $324,000 of net
earnings reported for the same period in 2001. The decrease in earnings resulted
primarily from a $78,000 increase in general, administrative and other expense,
which was partially offset by a $49,000 increase in net interest income.

Net Interest Income

Interest income on loans decreased by $157,000, or 8.5%, during the three months
ended December 31, 2002, compared to the 2001 quarter, due primarily to a 70
basis point decrease in the average yield, to 7.02% in the 2002 period. Interest
income on investment and mortgage-backed securities and interest-bearing
deposits decreased by $24,000, or 12.5%, due to a 196 basis point decrease in
the average yield year to year, which was partially offset by a $13.7 million
increase in the average portfolio balance outstanding.

Interest expense on deposits decreased by $229,000, or 29.4%, during the three
months ended December 31, 2002, compared to the 2001 quarter, due primarily to a
155 basis point decrease in the average cost of deposits year to year, to 2.55%
in the 2002 quarter, partially offset by a $5.8 million, or 7.3%, increase in
the average balance of deposits outstanding. Interest expense on borrowings
decreased by $1,000, or .3%, due primarily to a $133,000, or .6%, decrease in
the weighted-average balance of the Federal Home Loan Bank advances. The
decreases in the average yields on interest-earning assets and average costs of
interest-bearing liabilities were due primarily to the overall decrease in
interest rates in the economy throughout 2001 and 2002.

As a result of the foregoing changes in interest income and interest expense,
net interest income increased by $49,000, or 5.3%, to a total of $974,000 for
the three months ended December 31, 2002. The interest rate spread amounted to
2.96% in the 2002 three month period, as compared to 3.00% during the 2001
period, while the net interest margin totaled approximately 3.28% in 2002, as
compared to 3.35% in 2001.

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
upon an analysis of historical experience, the volume and type of lending
conducted by the Bank, the status of past due principal and interest payments,
general economic conditions, particularly as such conditions relate to the
Bank's market area, and other factors related to the collectibility of the
Bank's loan portfolio. As a result of such analysis, management recorded a
$25,000 provision for losses on loans during the three month period ended
December 31, 2002, an increase of $3,000 over the comparable 2001 period. The
current period provision was predicated primarily upon an increase in
nonperforming loans over the period. There can be no assurance that the loan
loss allowance of the Bank will be adequate to cover losses on nonperforming
assets in the future.

Other Income

Other income totaled $109,000 for the three months ended December 31, 2002, a
decrease of $10,000, or 8.4%, compared to the same period in 2001. The decrease
was due primarily to absence of a one-time receipt of stock of the Principal
Financial Group ("PFG") totaling $32,000, following PFG's conversion from mutual
to stock form, which was received in the 2001 period, partially offset by
increased service fees on deposit accounts and transactions.






                                       14
<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 December 31,
2002 and 2001 (continued)

General, Administrative and Other Expense

General, administrative and other expense totaled $611,000 for the three months
ended December 31, 2002, an increase of $78,000, or 14.6%, compared to the same
period in 2001. This increase resulted primarily from a $32,000, or 11.8%,
increase in employee compensation and benefits, a $19,000, or 28.8%, increase in
data processing and a $18,000, or 14.4%, increase in other operating expense.
The increase in employee compensation and benefits was due primarily to
increased pension plan costs, coupled with normal merit increases, and a
decrease in deferred loan origination costs year to year. The increase in data
processing resulted primarily from costs associated with the Bank's data
conversion to a new processing platform, which will provide additional benefits
to customers, including the capability to provide new products and services, as
well as to facilitate the Bank's future growth. The increase in other operating
expense was due primarily to costs incurred in connection with the data
processing conversion, as well as pro-rata increases in operating costs related
to the Corporation's overall growth year to year.

Federal Income Taxes

The provision for federal income taxes totaled $151,000 for the three months
ended December 31, 2002, a decrease of $14,000, or 8.5%, compared to the same
period in 2001. Net earnings before income taxes decreased by $42,000, or 8.6%,
compared to the three months ended December 31, 2001. The effective tax rates
were 33.8% and 33.7% for the three months ended December 31, 2002 and 2001,
respectively.


Quantitative and Qualitative Disclosure About Market Risk

There has been no significant change from disclosures included in the Company's
Annual Report on Form 10-KSB for the period ended June 30, 2002.


ITEM 3                    CONTROLS AND PROCEDURES


         (a) The Chief Executive Officer and Chief Financial Officer have
evaluated the effectiveness of the Company's disclosure controls and procedures
(as defined under Rules 13a-14 and 15d-14 of the Securities Exchange Act of
1934, as amended) as of a date within ninety days of the filing date of this
quarterly report on Form 10-QSB. Based upon that evaluation, the Chief Executive
Officer and Chief Financial Officer have concluded that the Company's disclosure
controls and procedures are effective.

         (b) There were no significant changes in the Company's internal
controls or in any factors that could significantly affect these controls
subsequent to the date of the Chief Executive Officer and the Chief Financial
Officer's evaluation.
















                                       15
<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

         None.

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

           99.1                  Certification of Chief Executive Officer

           99.2                  Certification of Principal Financial Officer




















                                       16
<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:  February 14, 2003                   By:  /s/John W. Kennedy
     -------------------------                  ------------------------------
                                                  John W. Kennedy
                                                  President and Chief
                                                  Executive Officer



Date:  February 14, 2003                   By:  /s/Robert W. Siegel
     -------------------------                  -------------------------------
                                                  Robert W. Siegel
                                                  Assistant Vice President,
                                                  Controller and Treasurer










































                                       17
<PAGE>
            SECTION 302 CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER


I, John W. Kennedy,  the Chief Executive Officer of Community Investors Bancorp,
Inc., certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Community Investors
     Bancorp, Inc.;

2.   Based on my knowledge,  this  quarterly  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 quarterly report;

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

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

          a)   designed such  disclosure  controls and procedures to ensure that
               material  information  relating to the registrant,  including its
               consolidated  subsidiaries,  is made known to us by others within
               those  entities,  particularly  during  the  period in which this
               quarterly report is being prepared;

          b)   evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls and  procedures as of a date within 90 days prior to the
               filing date of this quarterly report (the "Evaluation Date"); and

          c)   presented  in this  quarterly  report our  conclusions  about the
               effectiveness of the disclosure  controls and procedures based on
               our evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

          a)   all  significant  deficiencies  in the  design  or  operation  of
               internal  controls which could adversely  affect the registrant's
               ability to record,  process,  summarize and report financial data
               and have  identified for the  registrant's  auditors any material
               weaknesses in internal controls; and

          b)   any fraud,  whether or not material,  that involves management or
               other employees who have a significant  role in the  registrant's
               internal controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:    February 14, 2003                    /s/John W. Kennedy
      -----------------------                 --------------------------------
                                              John W. Kennedy
                                              Chief Executive Officer








                                       18
<PAGE>
            SECTION 302 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER


I, Robert W. Siegel,  the Assistant Vice President,  Controller and Treasurer of
Community Investors Bancorp, Inc., certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Community Investors
     Bancorp, Inc.;

2.   Based on my knowledge,  this  quarterly  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 quarterly report;

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

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

          a)   designed such  disclosure  controls and procedures to ensure that
               material  information  relating to the registrant,  including its
               consolidated  subsidiaries,  is made known to us by others within
               those  entities,  particularly  during  the  period in which this
               quarterly report is being prepared;

          b)   evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls and  procedures as of a date within 90 days prior to the
               filing date of this quarterly report (the "Evaluation Date"); and

          c)   presented  in this  quarterly  report our  conclusions  about the
               effectiveness of the disclosure  controls and procedures based on
               our evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

          a)   all  significant  deficiencies  in the  design  or  operation  of
               internal  controls which could adversely  affect the registrant's
               ability to record,  process,  summarize and report financial data
               and have  identified for the  registrant's  auditors any material
               weaknesses in internal controls; and

          b)   any fraud,  whether or not material,  that involves management or
               other employees who have a significant  role in the  registrant's
               internal controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.


Date:    February 14, 2003                   /s/Robert W. Siegel
      -------------------------              ---------------------------------
                                             Robert W. Siegel
                                             Assistant Vice President,
                                             Controller and Treasurer








                                       19