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             March 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: May 2, 2001 - 1,156,338 common shares

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



                               Page 1 of 17 pages

<PAGE>



                                      INDEX

                                                                     Page

PART I  - FINANCIAL INFORMATION

          Consolidated Statements of Financial Condition                3

          Consolidated Statements of Operations                         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                                            16

SIGNATURES                                                             17






























                                        2



<PAGE>


                        Community Investors Bancorp, Inc.
<TABLE>
<CAPTION>

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                          March 31,            June 30,
         ASSETS                                                                                2001                2000
<S>                                                                                           <C>                  <C>
Cash and due from banks                                                                    $  3,579            $  1,701
Federal funds sold                                                                              275                 310
Interest-bearing deposits in other financial institutions                                     1,359                 302
                                                                                            -------             -------
         Cash and cash equivalents                                                            5,213               2,313

Investment securities available for sale - at market                                          4,421               5,773
Investment securities held to maturity - at amortized cost, approximate market
  value of $2,339 and $3,556 as of  March 31, 2001 and June 30, 2000                          2,327               3,616
Mortgage-backed securities available for sale - at market                                     7,698               9,103
Mortgage-backed securities held to maturity - at amortized cost, approximate market
  value of $658 and $742 as of March 31, 2001 and June 30, 2000                                 662                 766
Loans receivable - net                                                                       92,868              94,366
Property acquired in settlement of loans                                                          1                  69
Office premises and equipment - at depreciated cost                                             668                 692
Federal Home Loan Bank stock - at cost                                                        1,592               1,507
Accrued interest receivable on loans                                                            114                  86
Accrued interest receivable on mortgage-backed securities                                        46                  52
Accrued interest receivable on investments and interest-bearing deposits                        121                 118
Prepaid expenses and other assets                                                               136                 170
Prepaid federal income taxes                                                                    172                 235
Deferred federal income taxes                                                                     7                 168
                                                                                            -------             -------

         Total assets                                                                      $116,046            $119,034
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 81,917            $ 79,138
Advances from the Federal Home Loan Bank                                                     22,213              28,611
Advances by borrowers for taxes and insurance                                                   111                   5
Accrued interest payable                                                                        220                 329
Other liabilities                                                                               171                 188
                                                                                            -------             -------
         Total liabilities                                                                  104,632             108,271


Stockholders' equity
  Preferred stock, 1,000,000 shares authorized, no par value; no shares issued                   -                   -
  Common stock, 4,000,000 shares authorized, $.01 par value; 1,660,850 shares issued             17                  17
  Additional paid-in capital                                                                  7,242               7,191
  Retained earnings, restricted                                                               9,260               8,728
  Shares acquired by stock benefit plans                                                       (380)               (461)
  Less 504,512 and 468,062 shares of treasury stock - at cost                                (4,711)             (4,408)
  Accumulated other comprehensive losses - unrealized losses on securities
    designated as available for sale, net of related tax effects                                (14)               (304)
                                                                                            -------             -------
         Total stockholders' equity                                                          11,414              10,763
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $116,046            $119,034
                                                                                            =======             =======
</TABLE>





                                        3


<PAGE>


                        Community Investors Bancorp, Inc.
<TABLE>
<CAPTION>

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                        (In thousands, except share data)

                                                                         Nine months ended           Three months ended
                                                                              March 31,                    March 31,
                                                                         2001         2000            2001         2000
<S>                                                                       <C>         <C>             <C>          <C>
Interest income
  Loans                                                                $5,722       $5,301          $1,915       $1,778
  Mortgage-backed securities                                              409          490             127          160
  Investment securities                                                   368          486              43          175
  Interest-bearing deposits and other                                     151           33             113            9
                                                                        -----        -----           -----        -----
         Total interest income                                          6,650        6,310           2,198        2,122

Interest expense
  Deposits                                                              2,721        2,618             922          860
  Borrowings                                                            1,256        1,161             374          422
                                                                        -----        -----           -----        -----
         Total interest expense                                         3,977        3,779           1,296        1,282
                                                                        -----        -----           -----        -----

         Net interest income                                            2,673        2,531             902          840

Provision for losses on loans                                              46           68              15           29
                                                                        -----        -----           -----        -----

         Net interest income after provision
           for losses on loans                                          2,627        2,463             887          811

Other income (expense)
  Loss on disposition of mobile home loan portfolio                        -          (374)             -          (374)
  Gain (loss) on sale of other repossessed assets                         (16)           8              -            (6)
  Other operating                                                         224          215              76           67
                                                                        -----        -----           -----        -----
         Total other income (expense)                                     208         (151)             76         (313)

General, administrative and other expense
  Employee compensation and benefits                                      916          852             308          289
  Occupancy and equipment                                                 106          105              38           38
  Federal deposit insurance premiums                                       12           28               4            4
  Franchise taxes                                                         109           93              33           28
  Expenses of property acquired in settlement of loans                      4           39               2           13
  Data processing                                                         194          183              66           63
  Other operating                                                         346          344             102          108
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                1,687        1,644             553          543
                                                                        -----        -----           -----        -----

         Earnings (loss) before income taxes (credits)                  1,148          668             410          (45)

Federal income taxes (credits)
  Current                                                                 349          157             139          (27)
  Deferred                                                                 37           70              (1)          16
                                                                        -----        -----           -----        -----
         Total federal income taxes (credits)                             386          227             138          (11)
                                                                        -----        -----           -----        -----

         NET EARNINGS (LOSS)                                           $  762       $  441          $  272       $  (34)
                                                                        =====        =====           =====        =====

         EARNINGS (LOSS) PER SHARE
           Basic                                                         $.68         $.39            $.24        $(.03)
                                                                          ===          ===             ===          ===

           Diluted                                                       $.67         $.38            $.24        $(.03)
                                                                          ===          ===             ===          ===
</TABLE>


                                        4


<PAGE>


                        Community Investors Bancorp, Inc.
<TABLE>
<CAPTION>

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                 (In thousands)


                                                                         Nine months ended           Three months ended
                                                                               March 31,                   March 31,
                                                                         2001         2000            2001         2000
<S>                                                                      <C>           <C>             <C>          <C>

Net earnings (loss)                                                    $  762        $ 441            $272        $ (34)

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities during
    the period, net of taxes (benefits) of $149, $33, $25
    and $(12) for the respective periods                                  290           64              48          (24)
                                                                        -----         ----             ---         ----

Comprehensive income                                                   $1,052        $ 505            $320        $ (58)
                                                                        =====         ====             ===         ====

Accumulated comprehensive losses                                       $  (14)       $(191)           $(14)       $(191)
                                                                        =====         ====             ===         ====
</TABLE>

































                                        5


<PAGE>


                        Community Investors Bancorp, Inc.
<TABLE>
<CAPTION>

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

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


                                                                                                 2001              2000
<S>                                                                                              <C>                <C>
Cash flows from operating activities:
  Net earnings for the period                                                                 $   762           $   441
  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                                             25                12
    Amortization of deferred loan origination fees                                                (39)              (49)
    Depreciation and amortization                                                                  34                44
    Provision for losses on loans                                                                  46                68
    Amortization expense of stock benefit plans                                                   248               385
    Loss on disposition of mobile home loan portfolio                                              -                374
    Proceeds from disposition of mobile home loan portfolio                                        -                835
    (Gain) loss on sale of other repossessed assets                                                16                (8)
    Federal Home Loan Bank stock dividends                                                        (85)              (75)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                        (28)              (66)
      Accrued interest receivable on mortgage-backed securities                                     6                12
      Accrued interest receivable on investments and
        interest-bearing deposits                                                                  (3)              (94)
      Prepaid expenses and other assets                                                            34                 4
      Accrued interest payable                                                                   (109)                2
      Other liabilities                                                                           (17)              (72)
      Federal income taxes
        Current                                                                                   224              (220)
        Deferred                                                                                   37                70
                                                                                               ------            ------
         Net cash provided by operating activities                                              1,151             1,663

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                               3,807                 5
  Purchase of investment securities designated as available for sale                           (1,000)           (2,000)
  Principal repayments on mortgage-backed securities                                            1,758             2,116
  Loan principal repayments                                                                    11,053            13,627
  Loan disbursements                                                                           (9,861)          (18,953)
  Purchase of office premises and equipment                                                       (11)              (29)
  Proceeds from sale of other repossessed assets                                                   54               270
  Purchase of Federal Home Loan Bank stock                                                         -                (42)
                                                                                               ------            ------
         Net cash provided by (used in) investing activities                                    5,800            (5,006)
                                                                                               ------            ------

         Net cash provided by (used in) operating and investing
           activities (subtotal carried forward)                                                6,951            (3,343)
                                                                                               ------            ------
</TABLE>



                                        6


<PAGE>


                        Community Investors Bancorp, Inc.
<TABLE>
<CAPTION>

                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

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


                                                                                                 2001              2000
<S>                                                                                              <C>                <C>
         Net cash provided by (used in) operating and investing
           activities (subtotal brought forward)                                              $ 6,951           $(3,343)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                              2,779             1,423
  Proceeds from Federal Home Loan Bank advances                                                 8,300            42,128
  Repayment of Federal Home Loan Bank advances                                                (14,698)          (40,415)
  Advances by borrowers for taxes and insurance                                                   106                -
  Purchase of treasury stock                                                                     (308)             (165)
  Dividends on common stock                                                                      (230)             (232)
                                                                                               ------            ------
         Net cash provided by (used in) financing activities                                   (4,051)            2,739
                                                                                               ------            ------

Net increase (decrease) in cash and cash equivalents                                            2,900              (604)

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

Cash and cash equivalents at end of period                                                    $ 5,213           $ 2,893
                                                                                               ======            ======


Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                                                      $   349           $   479
                                                                                               ======            ======

    Interest on deposits and borrowings                                                       $ 4,086           $ 3,777
                                                                                               ======            ======

Supplemental disclosure of noncash investing activities:
  Transfers from loans to other repossessed assets                                            $     7           $   339
                                                                                               ======            ======

  Unrealized gains on securities designated as available
    for sale, net of related tax effects                                                      $   290           $    64
                                                                                               ======            ======
</TABLE>













                                        7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

           For the nine and three months ended March 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, 2000.  However, in
     the  opinion of  management,  all  adjustments  (consisting  of only normal
     recurring  accruals)  which are  necessary for a fair  presentation  of the
     financial statements have been included.  The results of operations for the
     nine and three  month  periods  ended  March 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  1,116,450  and  1,114,869  for the nine and  three  month
     periods  ended  March  31,  2001.  Weighted-average  common  shares  deemed
     outstanding,  which gives effect to 65,836 unallocated ESOP shares, totaled
     1,139,371  and  1,139,320  for the nine and three month periods ended March
     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
     1,131,120  and  1,131,338  for the nine and three month periods ended March
     31, 2001. Weighted-average common shares deemed outstanding for purposes of
     computing  diluted  earnings per share totaled  1,159,457 and 1,139,320 for
     the nine and three month periods ended March 31, 2000.

     Incremental  shares  related  to the  assumed  exercise  of  stock  options
     included in the  calculation  of diluted  earnings per share totaled 14,670
     and 16,469 for the nine and three month periods  ended March 31, 2001,  and
     20,086 for the nine month period ended March 31, 2000.  Options to purchase
     19,521  shares of common stock with a  weighted-average  exercise  price of
     $10.72 were  outstanding  at March 31,  2001,  but were  excluded  from the
     computation  of diluted  earnings  per share for the three and nine  months
     ended March 31, 2001 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 nine and three months ended March 31, 2001 and 2000


    4.   Effects of Recent Accounting Pronouncements

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

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

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

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














                                        9



<PAGE>


                        Community Investors Bancorp, Inc.

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


Forward-Looking Statements

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

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


Discussion of Financial Condition Changes from June 30, 2000 to March 31, 2001

At March 31, 2001, the Corporation's  assets totaled $116.0 million,  a decrease
of $3.0 million, or 2.5%, from the level reported at June 30, 2000. The decrease
in assets was primarily  attributable  to a $4.2 million  decrease in investment
and mortgage-backed  securities and a $1.5 million decrease in loans receivable,
which  were  partially  offset  by a $2.9  million  increase  in cash  and  cash
equivalents. These excess funds and proceeds from deposit growth of $2.8 million
were used to reduce outstanding advances from the Federal Home Loan Bank by $6.4
million.

Cash and  interest-bearing  deposits  totaled $5.2 million at March 31, 2001, an
increase  of $2.9  million,  or  125.4%,  over  June 30,  2000.  Investment  and
mortgage-backed  securities  totaled $15.1 million at March 31, 2001, a decrease
of $4.2 million,  or 21.5%,  from June 30, 2000, due primarily to maturities and
repayments of investment and mortgage-backed securities of $3.8 million and $1.8
million,  respectively,  partially offset by purchases of investment  securities
totaling $1.0 million.

Loans  receivable  totaled  $92.9  million at March 31, 2001, a decrease of $1.5
million,  or 1.6%, from June 30, 2000 levels.  Principal  repayments amounted to
$11.1  million  during the  nine-month  period ended March 31,  2001,  which was
partially  offset by loan  disbursements  of $9.9  million.  The  volume of loan
disbursements  during the nine months  ended March 31,  2001  decreased  by $9.1
million,  or 47.8%,  from the same period in 2000 due primarily to the effect of
an  overall  increase  in  interest  rates in the  economy  and a  corresponding
reduction  in  refinancing  activity.  The  allowance  for loan  losses  totaled
$511,000  at  March  31,  2001,  as  compared  to  $484,000  at June  30,  2000.
Nonperforming  loans totaled $389,000 at March 31, 2001, as compared to $449,000
at June 30, 2000.  Nonperforming loans at March 31, 2001, were comprised of one-
to four-family  residential  loans totaling $343,000 and consumer loans totaling
$46,000.   Management   believes  all   nonperforming   loans  were   adequately
collateralized  at March 31, 2001.  The  allowance  for loan losses  represented
131.4% of nonperforming  loans as of March 31, 2001 and 107.8% at June 30, 2000.
Although  management  believes  that its  allowance for loan losses at March 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.




                                       10


<PAGE>


                        Community Investors Bancorp, Inc.

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


Discussion of Financial Condition Changes from June 30, 2000 to March 31, 2001
(continued)

Deposits  totaled  $81.9 million at March 31, 2001, an increase of $2.8 million,
or 3.5%, over June 30, 2000 levels.  Management continued its efforts to achieve
a moderate rate of growth through marketing and pricing strategies.

Advances  from the Federal  Home Loan Bank  totaled  $22.2  million at March 31,
2001, a decrease of $6.4 million, or 22.4%, from June 30, 2000 levels.  Advances
were repaid primarily with funds from increased  deposit balances and maturities
of investment and mortgage-backed securities, as previously discussed.

Stockholders'  equity  totaled  $11.4  million at March 31, 2001, an increase of
$651,000,  or 6.0%, over June 30, 2000 levels.  The increase resulted  primarily
from net earnings of $762,000 coupled with  amortization of stock benefit plans,
which were partially offset by repurchases of 36,450 shares of treasury stock at
an aggregate  price of $303,000 and dividend  payments on common stock  totaling
$230,000.

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

General

The  Corporation's net earnings totaled $762,000 for the nine months ended March
31, 2001, an increase of $321,000,  or 72.8%,  over the $441,000 of net earnings
reported  for the same  period  in 2000.  The  increase  in  earnings  primarily
reflects the effects of a $240,000  after-tax  charge related to the sale of the
mobile home loan  portfolio  recorded in the fiscal 2000 period,  coupled with a
$142,000,  or 5.6%, increase in net interest income, which were partially offset
by a $43,000, or 2.6%, increase in general, administrative and other expense.

Net Interest Income

Net interest  income  increased by $142,000,  or 5.6%, for the nine months ended
March 31, 2001, compared to the 2000 period.  Interest income on loans increased
by $421,000,  or 7.9%,  due primarily to a $1.1 million  increase in the average
net portfolio balance of loans outstanding year-to-year, coupled with a 51 basis
point  increase  in  the  average  yield.  Interest  income  on  investment  and
mortgage-backed  securities and interest-bearing  deposits decreased by $81,000,
or 8.0%, as a $2.2 million decrease in the average portfolio balance outstanding
was partially offset by a increase in the average yield.





                                       11



<PAGE>


                        Community Investors Bancorp, Inc.

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


Comparison of Operating Results for the Nine-Month  Periods Ended March 31, 2001
and 2000

Net Interest Income (continued)

Interest expense on deposits increased by $103,000, or 3.9%, due primarily to an
increase in the cost of deposits  year-to-year,  which was partially offset by a
$917,000  decrease in the  average  balance of  deposits  outstanding.  Interest
expense on  borrowings  increased  by  $95,000,  or 8.2%,  due  primarily  to an
increase  in cost of  borrowings  year-to-year,  slightly  offset by a  $633,000
decrease in the average balance of Federal Home Loan Bank advances outstanding.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income  increased by $142,000,  or 5.6%, to a total of $2.7 million
for the nine months ended March 31, 2001.  The interest rate spread  amounted to
approximately  2.78% in the 2001 nine-month  period, as compared to 2.63% during
the 2000 period,  while the net interest margin totaled  approximately  3.12% in
2001, as compared to 2.93% 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 $46,000 provision for losses on
loans  during the  nine-month  period ended March 31, 2001.  The  provision  was
predicated  primarily upon the level of nonperforming  loans over the nine-month
period  ended  March  31,  2001.  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  increased  by $359,000  for the nine months ended March 31, 2001,
compared  to the same period in 2000,  due to the absence of a $374,000  loss on
the sale of the mobile home loan  portfolio  in the fiscal 2000  period.  Absent
this loss,  other income would have decreased by $15,000,  or 6.7%, as losses on
the sale of  repossessed  assets were slightly  offset by an increase in service
fees.













                                       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 Nine-Month  Periods Ended March 31, 2001
and 2000 (continued)

General, Administrative and Other Expense

General,   administrative  and  other  expense  totaled  $1.7  million  for  the
nine-month  period  ended March 31,  2001,  an  increase  of  $43,000,  or 2.6%,
compared to the same period in 2000.  This increase  resulted  primarily  from a
$64,000, or 7.5%, increase in employee  compensation and benefits and a $16,000,
or 17.2%,  increase in franchise tax expense,  which were partially  offset by a
$16,000, or 57.1%, decrease in federal deposit insurance premiums and a $35,000,
or 89.7%,  decrease in expenses of property acquired in settlement of loans. The
increase in employee compensation and benefits was due primarily to normal merit
increases and a reduction in deferred loan  origination  costs  attendant to the
decline in lending  volume year to year.  The increase in franchise  tax expense
resulted  primarily from an increase in stockholders'  equity during the current
period.  The decrease in federal deposit  insurance  premiums reflects the lower
premium  rates  assessed  in fiscal  2001.  The  decline in expenses of property
acquired in settlement of loans reflects the savings realized following the sale
of the mobile home loan portfolio.

Federal Income Taxes

The  provision  for federal  income  taxes  totaled  $386,000 for the nine month
period ended March 31, 2001, an increase of $159,000,  or 70.0%,  as compared to
the same period in 2000. Net earnings before income taxes increased by $480,000,
or 71.9%,  compared to the nine months ended March 31, 2000.  The  effective tax
rates were 33.6% and 34.0% for the nine  months  ended  March 31, 2001 and 2000,
respectively.


Comparison of Operating Results for the Three-Month Periods Ended March 31, 2001
and 2000

General

The Corporation's net earnings totaled $272,000 for the three months ended March
31,  2001,  an increase of $306,000  over the $34,000 net loss  reported for the
same  period in 2000.  The  increase  in earnings  resulted  primarily  from the
absence of the  $240,000  after-tax  charge on the sale of the mobile  home loan
portfolio, coupled with a $62,000, or 7.4% increase in net interest income.

Net Interest Income

Net interest  income  increased by $62,000,  or 7.4%, for the three months ended
March 31, 2001, compared to the 2000 period.  Interest income on loans increased
by $137,000,  or 7.7%, due primarily to a 66 basis point increase in the average
yield,  partially  offset by a $936,000  decrease in the  average net  portfolio
balance of loans  outstanding  year-to-year.  Interest  income on investment and
mortgage-backed  securities and interest-bearing  deposits decreased by $61,000,
or  17.7%,  as  a  $4.3  million  decrease  in  the  average  portfolio  balance
outstanding was partially offset by an increase in the average yield.



                                       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 March 31, 2001
and 2000

Net Interest Income (continued)

Interest expense on deposits increased by $62,000,  or 7.2%, due primarily to an
increase in the cost of deposits  year-to-year,  which was partially offset by a
$254,000  decrease in the  average  balance of  deposits  outstanding.  Interest
expense on borrowings decreased by $48,000, or 11.4%, as a $3.8 million decrease
in the  weighted-average  balance of advances  from the  Federal  Home Loan Bank
outstanding was slightly offset by a 32 basis point increase in yield.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  increased by $62,000,  or 7.4%, to a total of $902,000 for
the three  months ended March 31, 2001.  The  interest  rate spread  amounted to
approximately  2.84% in the 2001 three-month period, as compared to 2.54% during
the 2000 period,  while the net interest margin totaled  approximately  3.20% in
2001, as compared to 2.88% 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 $15,000 provision for losses on
loans  during the  three-month  period  ended  March 31,  2001.  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  increased by $389,000,  for the three months ended March 31, 2001,
compared to the same period in 2000,  primarily due to the absence of a $374,000
loss on the sale of the mobile home loan  portfolio in fiscal 2000.  Absent this
loss, other income would have increased by $15,000,  or 24.6%,  primarily due to
increased service fees on deposit accounts and transactions.













                                       14


<PAGE>


                        Community Investors Bancorp, Inc.

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


Comparison of Operating Results for the Three-Month Periods Ended March 31, 2001
and 2000 (continued)

General, Administrative and Other Expense

General,  administrative and other expense increased by $10,000, or 1.8%, during
the three months ended March 31, 2001, compared to the same period in 2000. This
increase  resulted  primarily  from a $19,000,  or 6.6%,  increase  in  employee
compensation  and benefits  and a $5,000,  or 17.9%,  increase in franchise  tax
expense,  which were  partially  offset by an  $11,000,  or 84.6%,  decrease  in
expenses of  property  acquired in  settlement  of loans and a $6,000,  or 5.6%,
decline in other operating expenses.  The increase in employee  compensation and
benefits was due to normal  merit  increases  and a reduction  in deferred  loan
origination  costs  attendant to the decline in lending volume year to year. The
increase  in  franchise  tax  expense  resulted  primarily  from an  increase in
stockholders'  equity  during the current  period.  The  decrease in expenses of
property  acquired  in  settlement  of loans  was  achieved  as a result  of the
Corporations' disposition of the mobile home loan portfolio during fiscal 2000.

Federal Income Taxes

The provision for federal  income taxes  increased by $149,000  during the three
months  ended  March 31,  2001,  as  compared  to the same  period in 2000.  Net
earnings before income taxes increased by $455,000  compared to the three months
ended March 31, 2000. The effective tax rates were 33.7% and 24.4% for the three
months ended March 31, 2001 and 2000, respectively.
























                                       15


<PAGE>


                        Community Investors Bancorp, Inc.

                                     PART II


ITEM 1.  Legal Proceedings

         Not applicable


ITEM 2.  Changes in Securities and Use of Proceeds

         Not applicable


ITEM 3.  Defaults Upon Senior Securities

         Not applicable


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

         None


ITEM 5.  Other Information

         None


ITEM 6.  Exhibits and Reports on Form 8-K

         Reports on Form 8-K:               None.

         Exhibits

           15:                              Independent Accountants' Report
















                                       16


<PAGE>


                        Community Investors Bancorp, Inc.

                                   SIGNATURES


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





Date:  May 4, 2001                     By:  /s/John W. Kennedy
     ------------------------               ----------------------------
                                              John W. Kennedy
                                              President and Chief
                                              Executive Officer



Date:  May 4, 2001                     By:  /s/Robert W. Siegel
     ------------------------               ----------------------------
                                              Robert W. Siegel
                                              Assistant Vice President
                                              Controller and Treasurer































                                       17