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, 2001
                                ----------------------------------------------

                                       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 13, 2002 - 1,103,038 common
shares

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



                               Page 1 of 16 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                                                15

SIGNATURES                                                                 16






























                                        2



<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                       December 31,            June 30,
         ASSETS                                                                                2001                2001
<S>                                                                                           <C>                  <C>
Cash and due from banks                                                                    $  3,318            $  2,506
Interest-bearing deposits in other financial institutions                                       237                 887
                                                                                            -------             -------
         Cash and cash equivalents                                                            3,555               3,393

Investment securities available for sale - at market                                          4,997               3,858
Investment securities held to maturity - at amortized cost, approximate
  market  value of $1,129 and $2,348 as of  December 31, 2001 and
  June 30, 2001, respectively                                                                 1,191               2,334
Mortgage-backed securities available for sale - at market                                     5,649               6,969
Mortgage-backed securities held to maturity - at amortized cost, approximate
  market value of $542 and $601 as of December 31, 2001 and June 30, 2001,
  respectively                                                                                  547                 608
Loans receivable - net                                                                       94,489              94,207
Property acquired in settlement of loans                                                         -                    8
Office premises and equipment - at depreciated cost                                             685                 686
Federal Home Loan Bank stock - at cost                                                        1,672               1,621
Accrued interest receivable on loans                                                            150                  98
Accrued interest receivable on mortgage-backed securities                                        31                  41
Accrued interest receivable on investments and interest-bearing deposits                         73                  68
Prepaid expenses and other assets                                                               109                 233
Prepaid federal income taxes                                                                    259                 205
                                                                                            -------             -------

         Total assets                                                                      $113,407            $114,329
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 79,434            $ 80,090
Advances from the Federal Home Loan Bank                                                     21,360              22,199
Advances by borrowers for taxes and insurance                                                   215                  32
Accrued interest payable                                                                        194                 196
Other liabilities                                                                                44                 130
Deferred federal income taxes                                                                    92                  24
                                                                                            -------             -------
         Total liabilities                                                                  101,339             102,671


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                                                                  7,312               7,256
  Retained earnings, restricted                                                               9,927               9,504
  Shares acquired by stock benefit plans                                                       (208)               (312)
  Less 536,312 and 513,512 shares of treasury stock at December 31, 2001 and
    June 30, 2001, respectively - at cost                                                    (5,018)             (4,795)
  Accumulated other comprehensive income (loss) - unrealized gains (losses) on
    securities designated as available for sale, net of related tax effects                      38                 (12)
                                                                                            -------             -------
         Total stockholders' equity                                                          12,068              11,658
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $113,407            $114,329
                                                                                            =======             =======
</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,
                                                                         2001         2000            2001         2000
<S>                                                                      <C>          <C>             <C>           <C>
Interest income
  Loans                                                                $3,719       $3,807          $1,847       $1,923
  Mortgage-backed securities                                              195          282              92          137
  Investment securities                                                   208          325              93          154
  Interest-bearing deposits and other                                      16           38               7           21
                                                                        -----        -----           -----        -----
         Total interest income                                          4,138        4,452           2,039        2,235

Interest expense
  Deposits                                                              1,646        1,799             779          909
  Borrowings                                                              672          882             335          427
                                                                        -----        -----           -----        -----
         Total interest expense                                         2,318        2,681           1,114        1,336
                                                                        -----        -----           -----        -----

         Net interest income                                            1,820        1,771             925          899

Provision for losses (recoveries) on loans                                 60           31              22          (15)
                                                                        -----        -----           -----        -----

         Net interest income after provision
           for losses (recoveries) on loans                             1,760        1,740             903          914

Other income
  Loss on sale of repossessed assets                                       -           (16)             -            -
  Other operating                                                         198          148             119           77
                                                                        -----        -----           -----        -----
         Total other income                                               198          132             119           77

General, administrative and other expense
  Employee compensation and benefits                                      548          608             272          308
  Occupancy and equipment                                                  75           68              36           35
  Federal deposit insurance premiums                                        7            8               3            4
  Franchise taxes                                                          67           76              34           45
  Data processing                                                         129          128              66           63
  Other operating                                                         234          246             122          128
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                1,060        1,134             533          583
                                                                        -----        -----           -----        -----

         Earnings before income taxes                                     898          738             489          408

Federal income taxes
  Current                                                                 261          211             132          104
  Deferred                                                                 42           37              33           33
                                                                        -----        -----           -----        -----
         Total federal income taxes                                       303          248             165          137
                                                                        -----        -----           -----        -----

         NET EARNINGS                                                  $  595       $  490          $  324       $  271
                                                                        =====        =====           =====        =====

         EARNINGS PER SHARE
           Basic                                                         $.55         $.44            $.30         $.24
                                                                          ===          ===             ===          ===

           Diluted                                                       $.53         $.43            $.29         $.24
                                                                          ===          ===             ===          ===
</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,
                                                                         2001         2000            2001         2000
<S>                                                                       <C>          <C>            <C>           <C>
Net earnings                                                             $595         $490            $324         $271

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities during the period,
    net of taxes (benefits) of $26, $125, $(16) and $33 for the
    respective periods                                                     50          242             (32)          65
                                                                          ---          ---             ---          ---


Comprehensive income                                                     $645         $732            $292         $336
                                                                          ===          ===             ===          ===


Accumulated comprehensive income (loss)                                  $ 38         $(62)           $ 38         $(62)
                                                                          ===          ===             ===          ===
</TABLE>

































                                        5



<PAGE>


                        Community Investors Bancorp, Inc.

<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

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


                                                                                                 2001              2000
<S>                                                                                              <C>               <C>
Cash flows from operating activities:
  Net earnings for the period                                                                 $   595            $  490
  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                                              3                14
    Amortization of deferred loan origination fees                                                (53)              (22)
    Depreciation and amortization                                                                  27                22
    Provision for losses on loans                                                                  60                31
    Amortization expense of stock benefit plans                                                   160               137
    Loss on sale of repossessed assets                                                             -                 16
    Federal Home Loan Bank stock dividends                                                        (51)              (57)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                        (52)                3
      Accrued interest receivable on mortgage-backed securities                                    10                 3
      Accrued interest receivable on investments and
        interest-bearing deposits                                                                  (5)               49
      Prepaid expenses and other assets                                                           124                79
      Accrued interest payable                                                                     (2)              (57)
      Other liabilities                                                                           (86)              (75)
      Federal income taxes
        Current                                                                                   (54)              125
        Deferred                                                                                   42                37
                                                                                               ------             -----
         Net cash provided by operating activities                                                718               795

Cash flows provided by investing activities:
  Proceeds from maturity of investment securities                                               3,115             1,806
  Purchase of investment securities designated as available for sale                           (3,080)               -
  Principal repayments on mortgage-backed securities                                            1,422             1,221
  Loan principal repayments                                                                    17,733             6,737
  Loan disbursements                                                                          (18,014)           (6,820)
  Purchase of office premises and equipment                                                       (33)               (5)
  Proceeds from sale of repossessed assets                                                          8                52
                                                                                               ------             -----
         Net cash provided by investing activities                                              1,151             2,991
                                                                                               ------             -----

         Net cash provided by operating and investing
           activities (subtotal carried forward)                                                1,869             3,786
                                                                                               ------             -----
</TABLE>








                                        6


<PAGE>


                        Community Investors Bancorp, Inc.

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

                      For the six months ended December 31,


                                                                                                 2001              2000
<S>                                                                                             <C>                <C>
         Net cash provided by operating and investing
           activities (subtotal brought forward)                                               $1,869            $3,786

Cash flows provided by (used in) financing activities:
  Net increase (decrease) in deposit accounts                                                    (656)            1,690
  Proceeds from Federal Home Loan Bank advances                                                    -              4,300
  Repayment of Federal Home Loan Bank advances                                                   (839)           (6,683)
  Advances by borrowers for taxes and insurance                                                   183               198
  Purchase of treasury stock                                                                     (223)             (133)
  Dividends on common stock                                                                      (172)             (166)
                                                                                                -----             -----
         Net cash used in financing activities                                                 (1,707)             (794)
                                                                                                -----             -----

Net increase in cash and cash equivalents                                                         162             2,992

Cash and cash equivalents at beginning of period                                                3,393             2,313
                                                                                                -----             -----

Cash and cash equivalents at end of period                                                     $3,555            $5,305
                                                                                                =====             =====


Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                                                       $  333            $  265
                                                                                                =====             =====

    Interest on deposits and borrowings                                                        $2,320            $2,738
                                                                                                =====             =====

Supplemental disclosure of noncash investing activities:
  Transfers from loans to repossessed assets                                                   $   -             $    3
                                                                                                =====             =====

  Unrealized gains on securities designated as available
    for sale, net of related tax effects                                                       $   50            $  242
                                                                                                =====             =====
</TABLE>
















                                        7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

          For the six and three months ended December 31, 2001 and 2000


    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, 2001. 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 and
    six month periods ended December 31, 2001 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 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 52,400 unallocated ESOP shares,
    totaled 1,087,571 and 1,080,475 for the six and three month periods ended
    December 31, 2001. Weighted-average common shares deemed outstanding, which
    gives effect to 65,836 unallocated ESOP shares, totaled 1,117,223 and
    1,112,952 for the six and three month periods ended December 31, 2000.

    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
    1,115,904 and 1,108,808 for the six and three month periods ended December
    31, 2001. Weighted-average common shares deemed outstanding for purposes of
    computing diluted earnings per share totaled 1,131,342 and 1,126,865 for the
    six and three month periods ended December 31, 2000.

    Incremental shares related to the assumed exercise of stock options included
    in the calculation of diluted earnings per share totaled 28,333 for both the
    six and three month periods ended December 31, 2001, and 14,119 and 13,913
    for the six and three month periods ended December 31, 2000. Options to
    purchase 19,071 and 19,521 shares of common stock, each with a
    weighted-average exercise price of $10.72, were outstanding at December 31,
    2001 and 2000, respectively, but were excluded from the computation of
    diluted earnings per share for the three and six month periods ended
    December 31, 2001 and 2000, 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 six and three months ended December 31, 2001 and 2000


    4.   Effects of Recent Accounting Pronouncements

    In June 2001, the Financial Accounting Standards Board ("FASB") issued
    Statement of Financial Accounting Standards ("SFAS") No. 141 "Business
    Combinations," which requires that all business combinations initiated after
    June 30, 2001 be accounted for using the purchase method. The
    pooling-of-interests method of accounting is prohibited except for
    combinations initiated before June 30, 2001. The remaining provisions of
    SFAS No. 141 relating to business combinations accounted for by the purchase
    method, including identification of intangible assets, accounting for
    negative goodwill, financial statement presentation and disclosure, are
    effective for combinations completed after June 30, 2001. Management adopted
    SFAS No. 141 effective July 1, 2001, as required, without material effect on
    the Corporation's financial position or results of operations.

    In June 2001, the FASB issued SFAS No. 142 "Goodwill and Intangible Assets,"
    which prescribes accounting for all purchased goodwill and intangible
    assets. Pursuant to SFAS No. 142, acquired goodwill is not amortized, but is
    tested for impairment at the reporting unit level annually and whenever an
    impairment indicator arises.

    SFAS No. 142 is effective  for fiscal years beginning after December 15,
    2001.  SFAS  No. 142 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, 2001 to December 31,
2001

At December 31, 2001, the Corporation's assets totaled $113.4 million, a
decrease of $922,000, or .8%, compared to the level reported at June 30, 2001.
The decrease in assets was primarily comprised of a $1.4 million decrease in
investment and mortgage-backed securities, which was partially offset buy a
$162,000 increase in cash and cash equivalents and a $282,000 increase in loans
receivable.

Cash and interest-bearing deposits totaled $3.6 million at December 31, 2001, an
increase of $162,000, or 4.8%, over June 30, 2001. Investment and
mortgage-backed securities totaled $12.4 million at December 31, 2001, a
decrease of $1.4 million, or 10.1%, from June 30, 2001, due primarily to
maturities and repayments of investment and mortgage-backed securities of $3.1
million and $1.4 million, respectively, partially offset by purchases of
investment securities totaling $3.1 million.

Loans receivable totaled $94.5 million at December 31, 2001, an increase of
$282,000, or .3%, over June 30, 2001 levels. The increase was due primarily to
loan disbursements of $18.0 million during the six-month period ended December
31, 2001, which were partially offset by principal repayments of $17.7 million.
The volume of loan disbursements during the three months ended December 31,
2001, increased by $11.2 million, or 164.1%, over the same period in 2000, due
primarily to the effect of an overall decrease in interest rates in the economy
and a corresponding increase in refinancing activity. The allowance for loan
losses totaled $509,000 at December 31, 2001, as compared to $497,000 at June
30, 2001. Nonperforming loans totaled $630,000 at December 31, 2001, as compared
to $695,000 at June 30, 2001. The allowance for loan losses represented 80.8% of
nonperforming loans as of December 31, 2001 and 71.5% at June 30, 2001.
Nonperforming loans at December 31, 2001, were comprised of one- to four-family
residential loans totaling $409,000 and consumer loans totaling $221,000.
Management believes all nonperforming loans were adequately collateralized at
December 31, 2001. Although management believes that its allowance for loan
losses at December 31, 2001, 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 $79.4 million at December 31, 2001, a decrease of $656,000, or
 .8%, compared to June 30, 2001 levels. 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.



                                       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, 2001 to December 31,
2001 (continued)

Advances from the Federal Home Loan Bank totaled $21.4 million at December 31,
2001, a decrease of $839,000, or 3.8%, from June 30, 2001 levels. Advances were
repaid primarily with funds from principal repayments on investment and
mortgage-backed securities.

Stockholders' equity totaled $12.1 million at December 31, 2001, an increase of
$410,000, or 3.5%, over June 30, 2001 levels. The increase resulted primarily
from net earnings of $595,000 coupled with amortization of stock benefit plans
and a $50,000 increase in the unrealized gain on available for sale securities,
which were partially offset by repurchases of 22,800 shares of treasury stock at
an aggregate price of $223,000 and dividend payments on common stock totaling
$172,000.

The Bank is required to meet minimum capital standards promulgated by the Office
of Thrift Supervision ("OTS"). At December 31, 2001, 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,
2001 and 2000

General

The Corporation's net earnings totaled $595,000 for the six months ended
December 31, 2001, an increase of $105,000, or 21.4%, over the $490,000 of net
earnings reported for the same period in 2000. The increase in earnings resulted
primarily from a $49,000 increase in net interest income, a $66,000 increase in
other income and a $74,000 decrease in general, administrative and other
expense, which were partially offset by a $29,000 increase in the provision for
losses on loans and a $55,000 increase in the provision for federal income
taxes.

Net Interest Income

Interest income on loans decreased by $88,000, or 2.3%, during the six months
ended December 31, 2001, compared to the 2000 period, due primarily to a 19
basis point decrease in the average yield, to 7.87% in the 2001 period. Interest
income on investment and mortgage-backed securities and interest-bearing
deposits decreased by $226,000, or 35.0%, due to a $4.6 million decrease in the
average portfolio balance outstanding, coupled with a 122 basis point decrease
in the average yield year to year.

Interest expense on deposits decreased by $153,000, or 8.5%, due primarily to a
46 basis point decrease in the average cost of deposits year to year, to 4.10%
in the current period, which was partially offset by a $617,000, or .8%,
increase in the average balance of deposits outstanding. Interest expense on
borrowings decreased by $210,000, or 23.8%, due primarily to a $6.1 million, or
22.1%, decrease in the weighted-average balance of advances from the Federal
Home Loan Bank outstanding, coupled with a 13 basis point decrease in the
average cost of advances, to 6.27% in the 2001 period. The decrease in the
average yields on interest-earning assets and the average cost of
interest-bearing liabilities was due primarily to the overall decrease in
interest rates in the economy during 2001.





                                       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 Six Month Periods Ended December 31,
2001 and 2000 (continued)

Net Interest Income (continued)

As a result of the foregoing changes in interest income and interest expense,
net interest income increased by $49,000, or 2.8%, to a total of $1.8 million
for the six months ended December 31, 2001. The interest rate spread amounted to
approximately 2.94% in the 2001 six month period, as compared to 2.75% during
the 2000 period, while the net interest margin totaled approximately 3.30% in
2001, as compared to 3.08% in 2000.

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 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 $60,000 provision for losses on
loans during the six month period ended December 31, 2001, an increase of
$29,000 over the comparable 2000 period. The current period provision reflects
the growth in the loan portfolio, the increase in the level of nonperforming
loans and $48,000 of net charge-offs during 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 $198,000 for the six months ended December 31, 2001, an
increase of $66,000, or 50.0%, compared to the same period in 2000. The increase
was due primarily to increased service fees on deposit accounts and transactions
and due to a one-time receipt of stock of the Principal Financial Group ("PFG")
totaling $32,000, following PFG's conversion from mutual to stock form.

General, Administrative and Other Expense

General, administrative and other expense totaled $1.1 million for the six
months ended December 31, 2001, a decrease of $74,000, or 6.5%, compared to the
same period in 2000. This decrease resulted primarily from a $60,000, or 9.9%,
decrease in employee compensation and benefits coupled with a $12,000, or 4.9%,
decrease in other operating expense. The decrease in employee compensation and
benefits was due primarily to an increase in deferred loan origination costs in
connection with the Bank's increase in lending volume year to year, and a
reduction in costs attendant to the Corporation's stock-based management
recognition plan, as the preponderance of the awards provided for under this
plan are now fully distributed.

Federal Income Taxes

The provision for federal income taxes increased by $55,000, or 22.2%, during
the six months ended December 31, 2001, as compared to the same period in 2000.
Net earnings before income taxes increased by $160,000, or 21.7%, compared to
the six months ended December 31, 2000. The effective tax rates were 33.7% and
33.6% for the six months ended December 31, 2001 and 2000, respectively.


                                       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  December 31,
2001 and 2000

General

The Corporation's net earnings totaled $324,000 for the three months ended
December 31, 2001, an increase of $53,000, or 19.6%, over the $271,000 of net
earnings reported for the same period in 2000. The increase in earnings resulted
primarily from a $26,000 increase in net interest income, a $42,000 increase in
other income and a $50,000 decrease in general, administrative and other
expense, which were partially offset by a $37,000 increase in the provision for
losses on loans and a $28,000 increase in the provision for federal income
taxes.

Net Interest Income

Interest income on loans decreased by $76,000, or 4.0%, during the three months
ended December 31, 2001, compared to the 2000 quarter, due primarily to a 33
basis point decrease in the average yield, to 7.81% in the 2001 period. Interest
income on investment and mortgage-backed securities and interest-bearing
deposits decreased by $120,000, or 38.5%, due to a $4.3 million decrease in the
average portfolio balance outstanding, coupled with a 107 basis point decrease
in the average yield year to year.

Interest expense on deposits decreased by $130,000, or 14.3%, due primarily to a
68 basis point decrease in the average cost of deposits year to year, to 3.88%
in the 2001 quarter, which was partially offset by a $588,000, or .7%, increase
in the average balance of deposits outstanding. Interest expense on borrowings
decreased by $92,000, or 21.5%, due primarily to a $5.3 million, or 20.0%,
decrease in the weighted-average balance of advances from the Federal Home Loan
Bank outstanding, coupled with a 14 basis point decrease in the average cost of
advances, to 6.26% in the 2001 quarter. The decreases in the average yield on
interest-earning assets and average cost of interest-bearing liabilities were
due primarily to the overall decrease in interest rates in the economy during
2001.

As a result of the foregoing changes in interest income and interest expense,
net interest income increased by $26,000, or 2.9%, to a total of $925,000 for
the three months ended December 31, 2001. The interest rate spread amounted to
3.00% in the 2001 three month period, as compared to 2.80% during the 2000
period, while the net interest margin totaled 3.35% in 2001, as compared to
3.14% in 2000.

Provision for Losses on Loans

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, management recorded a $22,000 provision for losses on
loans during the three month period ended December 31, 2001, an increase of
$37,000 over the comparable 2000 period. The current period provision reflects
the growth in the loan portfolio, an overall increase in the level of
nonperforming loans and $32,000 of net charge-offs during the quarter. 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.





                                       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,
2001 and 2000 (continued)

Other Income

Other income totaled $119,000 for the three months ended December 31, 2001, an
increase of $42,000, or 54.5%, compared to the same period in 2000. The increase
was due primarily to increased service fees on deposit accounts and transactions
and due to a one-time receipt of stock of the Principal Financial Group ("PFG")
totaling $32,000, following PFG's conversion from mutual to stock form.

General, Administrative and Other Expense

General, administrative and other expense totaled $533,000 for the three months
ended December 31, 2001, a decrease of $50,000, or 8.6%, compared to the same
period in 2000. This decrease resulted primarily from a $36,000, or 11.7%,
decrease in employee compensation and benefits and an $11,000, or 24.4%,
decrease in franchise tax expense. The decrease in employee compensation and
benefits was due primarily to an increase in deferred loan origination costs in
connection with the Bank's increase in lending volume year to year, and a
reduction in costs attendant to the Corporation's stock-based management
recognition plan, as the preponderance of the awards provided for under this
plan are now fully distributed.

Federal Income Taxes

The provision for federal income taxes totaled $165,000 for the three months
ended December 31, 2001, an increase of $28,000, or 20.4%, compared to the same
period in 2000. Net earnings before income taxes increased by $81,000, or 19.9%,
compared to the three months ended December 31, 2000. The effective tax rates
were 33.7% and 33.6% for the three months ended December 31, 2001 and 2000,
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, 2001.















                                       14


<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

















                                       15


<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, 2002                 By:  /s/John W. Kennedy
     ----------------------                   -------------------------------
                                                John W. Kennedy
                                                President and Chief
                                                Executive Officer



Date:  February 14, 2002                 By:  /s/Robert W. Siegel
     ----------------------                   -------------------------------
                                                Robert W. Siegel
                                                Assistant Vice President
                                                Controller and Treasurer































                                       16