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


                                FORM 10-QSB/A

(Mark One)

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

           For the quarterly period ended      March 31, 2005
                                          ------------------------

                                     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 CORPORATE ISSUERS
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months or such
shorter period that the issuer was required to file such reports and (2)
has been subject to such filing requirements for the past 90 days:
Yes  [X]    No  [ ]

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:
                   May 16, 2005 - 1,054,717 common shares
---------------------------------------------------------------------------

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


<PAGE>


                              EXPLANATORY NOTE

      This Form 10-QSB/A is being filed solely for the purpose of filing
revised Section 302 Certifications pursuant to Item 601 of Regulation S-B
as Exhibits 31.1 and 31.2 hereto.


<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                              16


PART II  -  OTHER INFORMATION                                    17

SIGNATURES                                                       18


<PAGE>  1


                      Community Investors Bancorp, Inc.

               CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                      (In thousands, except share data)

<TABLE>
<CAPTION>

                                                                March 31,     June 30,
                         ASSETS                                      2005         2004
                                                              (Unaudited)


                                                            <c>            <c>
Cash and due from banks                                          $  1,487     $  2,373
Interest-bearing deposits in other financial institutions           5,618        4,347
                                                                 --------     --------
      Cash and cash equivalents                                     7,105        6,720

Investment securities available for sale - at market               10,625       12,749
Investment securities held to maturity - at amortized
 cost, approximate market value of $145 and $176 as of
 March 31, 2005 and June 30, 2004, respectively                       147          179
Mortgage-backed securities available for sale - at market             578          884
Mortgage-backed securities held to maturity - at
 amortized cost, approximate market value of $206 and
 $252 as of March 31, 2005 and June 30, 2004,
 respectively                                                         204          249
Loans receivable - net                                             98,585       95,862
Office premises and equipment - at depreciated cost                 2,306        2,368
Property acquired in settlement of loans                              200            -
Federal Home Loan Bank stock - at cost                              1,918        1,857
Accrued interest receivable on loans                                  494          405
Accrued interest receivable on mortgage-backed securities               -            6
Accrued interest receivable on investments and
 interest-bearing deposits                                             93           80
Prepaid expenses and other assets                                     411          362
Prepaid federal income taxes                                           96          133
                                                                 --------     --------

      Total assets                                               $122,762     $121,854
                                                                 ========     ========

      LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                         $ 83,520     $ 87,203
Advances from the Federal Home Loan Bank                           25,734       21,062
Advances by borrowers for taxes and insurance                         158           49
Accrued interest payable                                              180          158
Other liabilities                                                       8           20
Deferred federal income taxes                                         155          130
                                                                 --------     --------
      Total liabilities                                           109,755      108,622

Commitments                                                             -            -

Stockholders' equity
  Preferred stock, 1,000,000 shares of no par value
   authorized, no shares issued                                         -            -
  Common stock, 4,000,000 shares authorized, $.01 par
   value; 1,660,850 shares issued                                      17           17
  Additional paid-in capital                                        7,309        7,342
  Retained earnings, restricted                                    11,988       11,630
  Shares acquired by stock benefit plans                              (15)         (15)
  Less 605,208 and 580,712 shares of treasury stock
   at March 31, 2005 and June 30, 2004, respectively -
   at cost                                                         (6,142)      (5,662)
  Accumulated other comprehensive loss - unrealized
   losses on securities designated as available for
   sale, net of related tax benefits                                 (150)         (80)
                                                                 --------     --------
      Total stockholders' equity                                   13,007       13,232
                                                                 --------     --------

      Total liabilities and stockholders' equity                 $122,762     $121,854
                                                                 ========     ========
</TABLE>


<PAGE>  2


                      Community Investors Bancorp, Inc.

               CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)

                      (In thousands, except share data)

<TABLE>
<CAPTION>

                                                          Nine months ended     Three months ended
                                                              March 31,             March 31,
                                                            2005       2004       2005       2004


                                                       <c>        <c>        <c>        <c>
Interest income
  Loans                                                   $4,343     $4,368     $1,457     $1,441
  Mortgage-backed securities                                  12         51          6         14
  Investment securities                                      315        256         95         84
  Interest-bearing deposits and other                         83         96         30         25
                                                          ------     ------     ------     ------
      Total interest income                                4,753      4,771      1,588      1,564

Interest expense
  Deposits                                                   779        978        262        285
  Borrowings                                               1,027        992        345        330
                                                          ------     ------     ------     ------
      Total interest expense                               1,806      1,970        607        615
                                                          ------     ------     ------     ------

      Net interest income                                  2,947      2,801        981        949

Provision for losses on loans                                 88        102          9         43
                                                          ------     ------     ------     ------

      Net interest income after provision
       for losses on loans                                 2,859      2,699        972        906

Other income (expense)
  Loss on sale of repossessed assets                          (3)         -          -          -
  Gain on sale of loans                                       77         52         31         22
  Other operating                                            318        330        100        103
                                                          ------     ------     ------     ------
      Total other income                                     392        382        131        125

General, administrative and other expense
  Employee compensation and benefits                       1,023      1,141        348        390
  Occupancy and equipment                                    213        176         75         66
  Franchise taxes                                            125        118         44         41
  Data and item processing                                   330        298        113        115
  Other operating                                            561        429        183        133
                                                          ------     ------     ------     ------
      Total general, administrative and other expense      2,252      2,162        763        745
                                                          ------     ------     ------     ------

      Earnings before income taxes                           999        919        340        286

Federal income taxes
  Current                                                    279        327         86        121
  Deferred                                                    60        (17)        29        (25)
                                                          ------     ------     ------     ------
      Total federal income taxes                             339        310        115         96
                                                          ------     ------     ------     ------

      NET EARNINGS                                        $  660     $  609     $  225     $  190
                                                          ======     ======     ======     ======

      EARNINGS PER SHARE
        Basic                                             $  .62     $  .57     $  .21     $  .18
                                                          ======     ======     ======     ======

        Diluted                                           $  .61     $  .56     $  .21     $  .17
                                                          ======     ======     ======     ======
</TABLE>


<PAGE>  3


                      Community Investors Bancorp, Inc.

         CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

                               (In thousands)

<TABLE>
<CAPTION>

                                                                     Nine months ended     Three months ended
                                                                         March 31,             March 31,
                                                                       2005       2004       2005       2004


                                                                   <c>         <c>       <c>         <c>

Net earnings                                                          $ 660       $609      $ 225       $190

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities during the
   period, net of taxes (benefits) of $(36), $(9), $(69) and $14
   for the respective periods                                           (70)       (17)      (135)        27
                                                                      -----       ----      -----       ----

Comprehensive income                                                  $ 590       $592      $  90       $217
                                                                      =====       ====      =====       ====

Accumulated comprehensive income (loss)                               $(150)      $ 50      $(150)      $ 50
                                                                      =====       ====      =====       ====
</TABLE>


<PAGE>  4


                      Community Investors Bancorp, Inc.

              CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

                     For the nine months ended March 31,
                               (In thousands)

<TABLE>
<CAPTION>

                                                                             2005         2004


                                                                      <c>          <c>
Cash flows from operating activities:
  Net earnings for the period                                            $    660     $    609
  Adjustments to reconcile net earnings to net cash
   provided by operating activities:
    Amortization of discounts and premiums on loans,
     investments and mortgage-backed securities - net                          16           10
    Amortization of deferred loan origination fees                            (27)         (60)
    Depreciation and amortization                                             117           64
    Provision for losses on loans                                              88          102
    Loans originated for sale in the secondary market                      (2,910)      (1,527)
    Proceeds from sale of loans                                             2,964        1,545
    Gain on sale of loans                                                     (77)         (52)
    Amortization expense of stock benefit plans                                 -           54
    Loss on sale of repossessed assets                                          3            -
    Federal Home Loan Bank stock dividends                                    (61)         (54)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                    (89)         (40)
      Accrued interest receivable on mortgage-backed securities                 6            4
      Accrued interest receivable on investments and
       interest-bearing deposits                                              (12)           6
      Prepaid expenses and other assets                                       (37)         (85)
      Accrued interest payable                                                 21           (2)
      Other liabilities                                                       (13)         (31)
      Tax benefits from exercise of stock options                              42            -
      Federal income taxes
        Current                                                                37         (140)
        Deferred                                                               60          (17)
                                                                         --------     --------
          Net cash provided by operating activities                           788          386

Cash flows used in investing activities:
  Proceeds from maturity of investment securities                           2,532        5,004
  Purchase of investment securities designated as available for sale         (500)      (8,600)
  Principal repayments on mortgage-backed securities                          352          715
  Loan principal repayments                                                18,198       18,761
  Loan disbursements                                                      (21,182)     (20,766)
  Purchase of office premises and equipment                                   (56)        (673)
  Proceeds from sale of repossessed assets                                      -            8
                                                                         --------     --------
          Net cash used in investing activities                              (656)      (5,551)
                                                                         --------     --------

          Net cash provided by (used in) operating and investing
           activities (subtotal carried forward)                              132       (5,165)
                                                                         --------     --------
</TABLE>


<PAGE>  5


                      Community Investors Bancorp, Inc.

        CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (CONTINUED)

                     For the nine months ended March 31,
                               (In thousands)

<TABLE>
<CAPTION>

                                                                             2005         2004


                                                                      <c>          <c>
          Net cash provided by (used in) operating and investing
           activities (subtotal brought forward)                         $    132     $ (5,165)

Cash flows provided by (used in) financing activities:
  Net decrease in deposit accounts                                         (3,683)      (1,511)
  Proceeds from Federal Home Loan Bank advances                            19,000        4,000
  Repayment of Federal Home Loan Bank advances                            (14,327)      (4,177)
  Advances by borrowers for taxes and insurance                               120           54
  Proceeds from the exercise of stock options                                 264          345
  Purchase of treasury stock                                                 (831)        (142)
  Dividends on common stock                                                  (290)        (276)
                                                                         --------     --------
           Net cash provided by (used in) financing activities                253       (1,707)
                                                                         --------     --------

Net increase (decrease) in cash and cash equivalents                          385       (6,872)

Cash and cash equivalents at beginning of period                            6,720       14,375
                                                                         --------     --------

Cash and cash equivalents at end of period                               $  7,105     $  7,503
                                                                         ========     ========


Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                                 $    200     $    490
                                                                         ========     ========

    Interest on deposits and borrowings                                  $  1,784     $  1,972
                                                                         ========     ========

Supplemental disclosure of noncash investing activities:
  Transfers from loans to property acquired in settlement of loans       $    200     $     45
                                                                         ========     ========

  Unrealized losses on securities designated as available
   for sale, net of related tax effects                                  $    (70)    $    (17)
                                                                         ========     ========

  Recognition of mortgage servicing rights in accordance with
   SFAS No. 140                                                          $      9     $     14
                                                                         ========     ========

Supplemental disclosure of noncash financing activities:
  Issuance of treasury shares in connection with stock option exercises  $    351     $      -
                                                                         ========     ========
</TABLE>


<PAGE>  6


                      Community Investors Bancorp, Inc.

                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

         For the nine and three months ended March 31, 2005 and 2004


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, 2004.  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
nine and three month periods ended March 31, 2005 are not necessarily
indicative of the annualized 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 of 21,082 and 12,092 weighted-
average unallocated shares held by the ESOP for the nine and three month
periods ended March 31, 2004, respectively. There were no unallocated
shares held by the ESOP for the nine and three month periods ended March
31, 2005.

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 nine months ended     For the three months ended
                                                March 31,                     March 31,
                                              2005          2004            2005          2004


                                      <c>           <c>             <c>           <c>
Weighted-average common shares
 outstanding (basic)                     1,071,142     1,062,992       1,063,482     1,082,342
Dilutive effect of assumed exercise
 of stock options                           13,448        32,090          13,020        35,236
                                         ---------     ---------       ---------     ---------
Weighted-average common shares
 outstanding (diluted)                   1,084,590     1,095,082       1,076,502     1,117,578
                                         =========     =========       =========     =========
</TABLE>


<PAGE>  7


                      Community Investors Bancorp, Inc.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

         For the nine and three months ended March 31, 2005 and 2004


4.  Stock Option Plan
    -----------------

In fiscal 1996, the Board of Directors adopted a Stock Option Plan (the
"Plan") that provided for the issuance of 166,084 shares of authorized, but
unissued shares of common stock at the fair value at the date of grant.

The Corporation accounts for the Plan in accordance with SFAS No. 123,
"Accounting for Stock-Based Compensation," which contains a fair value-
based method for valuing stock-based compensation that entities may use,
which measures compensation cost at the grant date based on the fair value
of the award.  Compensation is then recognized over the service period,
which is usually the vesting period.  Alternatively, SFAS No. 123 permits
entities to continue to account for stock options and similar equity
instruments under Accounting Principles Board ("APB") Opinion No. 25,
"Accounting for Stock Issued to Employees."  Entities that continue to
account for stock options using APB Opinion No. 25 are required to make pro
forma disclosures of net earnings and earnings per share, as if the fair
value-based method of accounting defined in SFAS No. 123 had been applied.

The Corporation applies APB Opinion No. 25 and related Interpretations in
accounting for its stock option plan.  Accordingly, no compensation cost
has been recognized with respect to the Plan.  Had compensation cost for
the Plan been determined based on the fair value at the grant date in a
manner consistent with the accounting method utilized in SFAS No. 123,
there would have been no effect on the Corporation's consolidated net
earnings and earnings per share for the nine and three month periods ended
March 31, 2005 and 2004.

A summary of the status of the Corporation's stock option plan as of March
31, 2005 and June 30, 2004 and 2003, and changes during the periods ending
on those dates is presented below:

<TABLE>
<CAPTION>

                                         Nine months ended                         Year ended
                                             March 31,                              June 30,
                                               2005                      2004                      2003
                                                   Weighted-                 Weighted-                 Weighted-
                                                     average                   average                   average
                                                    exercise                  exercise                  exercise
                                        Shares         price      Shares         price      Shares         price


                                    <c>           <c>         <c>           <c>         <c>           <c>
Outstanding at beginning of period      71,482       $8.14       107,474       $7.65       110,774       $7.64
Granted                                      -           -             -           -             -           -
Exercised                              (35,327)       7.46       (35,992)       6.68        (3,300)       7.33
Forfeited                                    -           -             -           -             -           -
                                       -------       -----       -------       -----       -------       -----

Outstanding at end of period            36,155       $8.80        71,482       $8.14       107,474       $7.65
                                       =======       =====       =======       =====       =======       =====

Options exercisable at period-end       36,155       $8.80        71,482       $8.14       107,474       $7.65
                                       =======       =====       =======       =====       =======       =====
</TABLE>

The following information applies to options outstanding at March 31, 2005:

<TABLE>


                                                            <c>
Number outstanding                                                   36,155
Range of exercise prices                                       $6.61-$10.83
Weighted-average exercise price                                       $8.80
Weighted-average remaining contractual life                       1.7 years
</TABLE>


<PAGE>  8


                      Community Investors Bancorp, Inc.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

         For the nine and three months ended March 31, 2005 and 2004


5.  Effects of Recent Accounting Pronouncements
    -------------------------------------------

In December 2004, the Financial Accounting Standards Board (the "FASB")
issued a revision to Statement of Financial Accounting Standards ("SFAS")
No. 123, "Share-Based Payment," which establishes standards for the
accounting for transactions in which an entity exchanges its equity
instruments for goods or services, primarily on accounting for transactions
in which an entity obtains employee services in share-based transactions.
This Statement requires a public entity to measure the cost of employee
services received in exchange for an award of equity instruments based on
the grant-date fair value of the award, with limited exceptions.  That cost
will be recognized over the period during which an employee is required to
provide services in exchange for the award - the requisite service period.
No compensation cost is recognized for equity instruments for which
employees do not render the requisite service.  Employee share purchase
plans will not result in recognition of compensation cost if certain
conditions are met.

Initially, the cost of employee services received in exchange for an award
of liability instruments will be measured based on current fair value; the
fair value of that award will be remeasured subsequently at each reporting
date through the settlement date.  Changes in fair value during the
requisite service period will be recognized as compensation cost over that
period.  The grant-date fair value of employee share options and similar
instruments will be estimated using option-pricing models adjusted for the
unique characteristics of those instruments (unless observable market
prices for the same or similar instruments are available.  If an equity
award is modified after the grant date, incremental compensation cost will
be recognized in an amount equal to the excess of the fair value of the
modified award over the fair value of the original award immediately before
the modification.

Excess tax benefits, as defined by SFAS 123R will be recognized as an
addition to additional paid-in capital.  Cash retained as a result of those
excess tax benefits will be presented in the statement of cash flows as
financing cash inflows.  The write-off of deferred tax assets relating to
unrealized tax benefits associated with recognized compensation cost will
be recognized as income tax expense unless there are excess tax benefits
from previous awards remaining in additional paid in capital to which it
can be offset.

Compensation cost is required to be recognized in beginning of the first
annual period that begins after December 15, 2005, or July 1, 2006 as to
the Corporation.  Management believes the effect on operations will be as
disclosed in the stock option plan pro-forma disclosures above.


<PAGE>  9


                      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, 2004 to March 31, 2005
------------------------------------------------------------------------------

At March 31, 2005, the Corporation's assets totaled $122.8 million, an
increase of approximately $900,000 or 0.7%, compared to the level reported
at June 30, 2004.  The increase in assets was comprised primarily of a $2.7
million increase in loans receivable and an approximate $400,000 increase
in cash and cash equivalents, partially offset by a $2.2 million decrease
in investment securities, including those designated as available for sale.

Cash and interest-bearing deposits totaled $7.1 million at March 31, 2005,
an increase of approximately $400,000, or 5.7%, from June 30, 2004.
Investment and mortgage-backed securities, including those designated as
available for sale, totaled $11.6 million at March 31, 2005, a decrease of
$2.5 million or 17.8%, from June 30, 2004, due primarily to maturities of
investment securities and repayments on mortgage-backed securities totaling
$2.9 million, plus market value decreases of investment securities totaling
approximately $100,000,  partially offset by purchases of securities of
$500,000.

Loans receivable totaled $98.6 million at March 31, 2005, an increase of
$2.7 million, or 2.8 %, from June 30, 2004 levels.  The increase was due
primarily to loan disbursements of $24.1 million, which were partially
offset by principal repayments of $18.2 million and loan sales of $2.9
million during the nine-month period ended March 31, 2005.  The volume of
loan disbursements during the nine months ended March 31, 2005, increased
by $1.8 million or 8.1%, compared to the same period in 2004, due to the
Corporation's increased commercial loan activity.  The allowance for loan
losses totaled $640,000 at March 31, 2005, as compared to $549,000 at June
30, 2004.  Nonperforming loans totaled $1.2 million at March 31, 2005, as
compared to $1.0 million at June 30, 2004.  The allowance for loan losses
represented 53.3% of nonperforming loans as of March 31, 2005 and 57.3% at
June 30, 2004.  Nonperforming loans at March 31, 2005, were comprised of
one- to four-family residential loans totaling $1.0 million and consumer
and commercial loans totaling $200,000.  Management believes all
nonperforming loans were adequately collateralized at March 31, 2005, and
further believes that the increase in nonperforming loans represents normal
seasonal fluctuations in delinquencies.  Although management believes that
its allowance for loan losses at March 31, 2005, 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 $83.5 million at March 31, 2005, a decrease of $3.7
million, or 4.2%, compared to June 30, 2004 levels.  The decrease was due
primarily to management's decision to refrain from pricing deposits at the
upper end of the range in a competitive marketplace.


<PAGE>  10


                      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, 2004 to March 31,
-------------------------------------------------------------------------
2005 (continued)
----

Stockholders' equity totaled $13.0 million at March 31, 2005, a decrease of
$225,000 compared to June 30, 2004.  Net earnings of $660,000, the proceeds
from exercise of stock options totaling $264,000, plus the tax benefits
derived from the redemption of non-qualified stock options of  $42,000
added to stockholders' equity. These additions were offset by the increase
in unrealized losses on investments of $70,000, net repurchases of 39,469
shares of treasury stock at a purchase price of $541,000, redemption of
20,293 shares under the stock option plan for approximately $290,000 and
dividend payments on common stock totaling $290,000.

In January 2003, the Corporation had announced a share repurchase plan of
up to 105,800 shares.  To date, 87,266 shares have been repurchased leaving
18,534 shares available for purchase in the event market conditions
warrant.

The table below shows the treasury shares repurchased under the repurchase
plan and the stock option plan, respectively.

<TABLE>
<CAPTION>

              Repurchase Plan                               Option Shares Redeemed
    Month         Shares     Price per share         Month         Shares     Price per share


               <c>            <c>             <c>               <c>            <c>
August 2004       8,700          $13.60          July 2004         3,321          $14.70
October 2004      5,000           14.00          November 2004     9,500           14.00
November 2004     6,300           14.00          November 2004     7,472           14.41
January 2005      7,400           13.95
February 2005     3,150           13.62
March 2005        8,919           13.30
</TABLE>

The Bank is required to meet minimum capital standards promulgated by the
Office of Thrift Supervision ("OTS").  At March 31, 2005, the Bank's
capital was well in excess of such minimum capital requirements.

Comparison of Operating Results for the Nine Month Periods Ended March 31,
--------------------------------------------------------------------------
2005 and 2004
-------------

General
-------

The Corporation's net earnings totaled $660,000 for the nine months ended
March 31, 2005, an increase of $51,000, or 8.4%, compared to the $609,000
of net earnings reported for the same period in 2004.  The increase in
earnings resulted primarily from a $146,000, or 5.2% increase in net
interest income, a $10,000, or 2.6% increase in other income, and a $14,000
or 13.7% decrease in the provision for losses on loans which were partially
offset by a $90,000, or 4.2%, increase in general, administrative and other
expense and a $29,000, or 9.4%, increase in the provision for federal
income taxes.

Net Interest Income
-------------------

Interest income on loans decreased by $25,000, or 0.6%, during the nine
months ended March 31, 2005, compared to the 2004 period, due primarily to
a 20 basis point decrease in the average yield to 5.91% in the 2005 nine
month period. This was partially offset by the increase in the average loan
portfolio by approximately $2.6 million.  Liquid interest-earning assets,
(i.e., interest-bearing deposits, investment and mortgage-backed
securities) were repositioned from interest-bearing deposits in other
financial institutions to investment securities at comparatively higher
interest rates.  Average investment securities increased by $1.3 million,
while average interest-bearing deposits in other financial institutions
decreased by $4.3 million and average mortgage-backed securities decreased
by approximately $750,000 for the nine months ended March 31, 2005.  The
net effect of this asset repositioning resulted in a negligible change in
interest income on liquid assets.


<PAGE>  11


                      Community Investors Bancorp, Inc.

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


Comparison of Operating Results for the Nine Month Periods Ended March 31,
--------------------------------------------------------------------------
2005 and 2004 (continued)
-------------

Net Interest Income (continued)
-------------------

Interest expense on deposits decreased by $199,000, or 20.3%, during the
nine months ended March 31, 2005, compared to the 2004 period, due
primarily to a 25 basis point decrease in the average cost of deposits
period to period, to 1.25% in the 2005 period, coupled with a $4.0 million,
or 4.6%, decrease in the average balance of deposits outstanding.  Interest
expense on borrowings increased by $35,000, or 3.5%, due to a $2.7 million
increase in the weighted-average balance of Federal Home Loan Bank advances
outstanding, partially offset by a 50 basis point decrease in the average
cost of advances year to year.  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
during the 2005 nine month period.

As a result of the foregoing changes in interest income and interest
expense, net interest income increased by $146,000, or 5.2%, to a total of
$2.9 million for the nine months ended March 31, 2005.  The interest rate
spread amounted to 3.22% in the 2005 nine month period, as compared to
3.01% during the 2004 period, while the net interest margin totaled
approximately 3.39% in 2005, as compared to 3.19% in 2004.

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 $88,000 provision for losses on loans
during the nine month period ended March 31, 2005, compared to $102,000 in
the comparable 2004 period.  The current period provision was predicated
primarily upon management's ongoing assessment as to changes in the mix of
assets in the nonperforming loan portfolio.  There can be no assurance that
the loan loss allowance of the Bank will be adequate to cover losses on
nonperforming loans in the future.

Other Income
------------

Other income totaled $392,000 for the nine months ended March 31, 2005, an
increase of $10,000, or 2.6%, compared to the same period in 2004.  The
increase was due primarily to an increase of $25,000 on gain on sale of
loans and increases in deposit account fees of $11,000, partially offset by
a decrease of $23,000 in loan fees and recognition of a $3,000 loss on
repossessed assets.

General, Administrative and Other Expense
-----------------------------------------

General, administrative and other expense totaled $2.3 million for the nine
months ended March 31, 2005, an increase of $90,000, or 4.2%, compared to
the same period in 2004.  This resulted from increases in data and item
processing expense of $32,000, or 10.7%, other operating expense of
$132,000 or 30.8% and a $37,000, or 21.0% increase in occupancy and
equipment expense, which were partially offset by a $118,000, or 10.3%,
decrease in employee compensation and benefits. The increase in other
operating expense resulted primarily from costs associated with the
expansion and growth initiatives, as well as increased professional
expenses related to regulatory compliance period to period.  The increase
in occupancy expense was due primarily to the operation of two new branch
facilities during the 2005 period. The decrease in employee compensation
and benefits was due primarily to a decline in pension plan and other
benefit costs.


<PAGE>  12


                      Community Investors Bancorp, Inc.

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


Comparison of Operating Results for the Nine Month Periods Ended March 31,
--------------------------------------------------------------------------
2005 and 2004 (continued)
-------------

Federal Income Taxes
--------------------

The provision for federal income taxes totaled $339,000 for the nine months
ended March 31, 2005, an increase of $29,000, or 9.4%, compared to the same
period in 2004.  The increase  was attributable to a 8.7% increase in
earnings before taxes in the 2005 period.  The effective tax rates were
33.9% and 33.7% for the nine months ended March 31, 2005 and 2004,
respectively.

Comparison of Operating Results for the Three Month Periods Ended March 31,
---------------------------------------------------------------------------
2005 and 2004
-------------

General
-------

The Corporation's net earnings totaled $225,000 for the three months ended
March 31, 2005, an increase of $35,000, or 18.4%, compared to the $190,000
of net earnings reported for the same period in 2004.  The increase in
earnings resulted from a $32,000, or 3.4%, increase in net interest income,
a $34,000 decrease in the provision for losses on loans and a $6,000, or
4.8% increase in other income, which were partially offset by a $18,000, or
2.4% increase in general, administrative and other expense, and a $19,000,
or 19.8%, increase in the provision for federal income taxes.

Net Interest Income
-------------------

Interest income on loans increased by $16,000, or 1.1%, during the three
months ended March 31, 2005, compared to the 2004 period, despite a 6 basis
point decrease in the average yield, to 5.93% in the 2005 period. This was
more than offset by the increase in the average loan portfolio by
approximately $2.0 million.  Liquid interest-earning assets, (i.e.,
interest-bearing deposits, investment and mortgage-backed securities) were
repositioned from interest-bearing deposits in other financial institutions
to investment securities at comparatively higher interest rates.  Average
investment securities decreased by $1.8 million, while average mortgage-
backed securities decreased by $618,000  and average interest-bearing
deposits in other financial institutions decreased by $867,000 from the
three months ended March 31, 2004. This net decrease in average
investments, mortgage-backed securities and interest-bearing deposits was
offset by improved overall yield of  112 basis points to 3.61% in the 2005
period.  As a result, interest income on liquid assets increased by $8,000
or 6.5%.

Interest expense on deposits decreased by $23,000, or 8.1%, during the
three months ended March 31, 2005, compared to the 2004 period, due
primarily to a 4 basis point decrease in the average cost of deposits
quarter to quarter, to 1.29% in the 2005 period, coupled with a $3.7
million, or 4.3%, decrease in the average balance of deposits outstanding.
Interest expense on borrowings increased by $15,000, or 4.5%, due to a $2.7
million increase in the weighted-average balance of Federal Home Loan Bank
advances outstanding, partially offset by a 40 basis point decrease in the
average cost of advances year to year.  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.

As a result of the foregoing changes in interest income and interest
expense, net interest income increased by $32,000, or 3.4%, to a total of
$981,000 for the three months ended March 31, 2005.  The interest rate
spread amounted to 3.24% in the 2005 three month period, as compared to
3.11% during the 2004 period, while the net interest margin totaled
approximately 3.41% in 2005, as compared to 3.27 % in 2004.


<PAGE>  13


                      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 March 31,
---------------------------------------------------------------------------
2005 and 2004 (continued)
-------------

Provision for Losses on Loans
-----------------------------

Management recorded a $9,000 provision for losses on loans during the three
month period ended March 31, 2005, compared to $43,000 in the comparable
2004 period.  The current period provision was predicated primarily upon
management's ongoing assessment as to changes in the mix of assets in the
nonperforming loan portfolio.  There can be no assurance that the loan loss
allowance of the Bank will be adequate to cover losses on nonperforming
loans in the future.

Other Income
------------

Other income totaled $131,000 for the three months ended March 31, 2005, an
increase of $6,000, or 4.8%, compared to the same period in 2004.  The
increase was due to an increase in gain on sale of loans of $9,000
partially offset by a decrease of $3,000 on loan and deposit account fees.

General, Administrative and Other Expense
-----------------------------------------

General, administrative and other expense totaled $763,000 for the three
months ended March 31, 2005, an increase of $18,000, or 2.4%, compared to
the same period in 2004.  This resulted from increases in other operating
expense of $50,000, or 37.6% and a $9,000, or 13.6% increase in occupancy
and equipment expense, partially offset by a $42,000, or 10.8%, decrease in
employee compensation and benefits. The increase in other operating expense
resulted primarily from costs associated with the expansion and growth
initiatives, as well as increased professional expenses related to
regulatory compliance quarter to quarter.  The increase in occupancy
expense was due primarily to the operation of two new branch facilities
during the 2005 period. The decrease in employee compensation and benefits
was due primarily to a decline in pension plan and other employee benefit
costs.

Federal Income Taxes
--------------------

The provision for federal income taxes totaled $115,000 for the three
months ended March 31, 2005, an increase of $19,000, or 19.8%, compared to
the same period in 2004.  The increase was primarily attributable to a
18.9% increase in earnings before taxes in the 2005 period.  The effective
tax rates were 33.8% and 33.6% for the three months ended March 31, 2005
and 2004, respectively.

Subsequent Event
----------------

The Corporation's third-party data processor is Intrieve, Incorporated
("Intrieve") of Cincinnati, Ohio.  Pursuant to the terms of the original
third-party data processing agreement, the Corporation was required to
purchase non-marketable Intrieve common shares.  On February 1, 2005,
Intrieve announced that it had entered into an agreement to be acquired by
a wholly-owned subsidiary of the John H. Harland Company. On March 21, 2005
the agreement was approved by the Intrieve shareholders. The shares were
redeemed for approximately $344,000 on April 15, 2005. Pursuant to the
terms of the transaction, the Corporation will recognize an approximate
$217,000 after-tax gain in the quarter ended June 30, 2005.

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, 2004.


<PAGE>  14


                      Community Investors Bancorp, Inc.

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


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.


<PAGE>  15


                      Community Investors Bancorp, Inc.

                                   PART II


ITEM 1.     Legal Proceedings
            -----------------

            Not applicable

ITEM 2.     Unregistered Sales of Equity 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
            --------

            31.1        Written Statement of Chief Executive Officer
                        furnished Pursuant to Section 302 of the Sarbanes-
                        Oxley Act of 2002, 18 U.S.C. Section 1350
            31.2        Written Statement of Chief Financial Officer
                        furnished Pursuant to Section 302 of the Sarbanes-
                        Oxley Act of 2002, 18 U.S.C. Section 1350
            32.1        Written Statement of Chief Executive Officer
                        furnished Pursuant to Section 906 of the Sarbanes-
                        Oxley Act of 2002, 18 U.S.C. Section 1350
            32.2        Written Statement of Chief Financial Officer
                        furnished Pursuant to Section 906 of the Sarbanes-
                        Oxley Act of 2002, 18 U.S.C. Section 1350


<PAGE>  16


                      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:  May 16, 2005                    By: /s/ Phillip W. Gerber
                                           --------------------------------
                                           Phillip W. Gerber
                                           President and Chief
                                           Executive Officer



Date:  May 16, 2005                    By: /s/ Thomas G. Kalb
                                           --------------------------------
                                           Thomas G. Kalb
                                           Vice President,
                                           Chief Financial Officer


<PAGE>  17