FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

(Mark One)

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

For the quarterly period ended            March 31, 1999      
                               ----------------------------------------------

                                       OR

[  ]          TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                                      OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to _______________

Commission File No. 33-84132

                        COMMUNITY INVESTORS BANCORP, INC.
             (Exact name of registrant as specified in its charter)

             Ohio                                         34-1779309         
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification Number)

119 South Sandusky Avenue
Bucyrus, Ohio                                             44820       
(Address of principal                                     (Zip Code)
executive office)

Issuers' telephone number, including area code: (419)  562-7055

Check  whether  the issuer  (1) has filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter  period that the  registrant  was required to file such reports) and (2)
has been subject to such filing requirements for the past 90 days.

Yes    X                                               No      

As of May 14,  1999,  the  latest  practicable  date,  1,218,144  shares  of the
registrant's common stock, $.01 par value, were issued and outstanding.










                               Page 1 of 18 pages

<PAGE>



                                      INDEX

                                                                         Page

PART I   - FINANCIAL INFORMATION

                Consolidated Statements of Financial Condition               3

                Consolidated Statements of Earnings                          4

                Consolidated Statements of Comprehensive Income              5

                Consolidated Statements of Cash Flows                        6

                Notes to Consolidated Financial Statements                   8

                Management's Discussion and Analysis of
                Financial Condition and Results of
                Operations                                                  11


PART II  - OTHER INFORMATION                                                17

SIGNATURES                                                                  18






























                                        2



<PAGE>
<TABLE>


                        Community Investors Bancorp, Inc.
<CAPTION>

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                          March 31,            June 30,
         ASSETS                                                                                1999                1998
<S>                                                                                           <C>                   <C>
Cash and due from banks                                                                    $  2,399            $  1,279
Federal funds sold                                                                            1,165                 572
Interest-bearing deposits in other financial institutions                                       837                 942
                                                                                            -------             -------
         Cash and cash equivalents                                                            4,401               2,793

Investment securities available for sale - at market                                          2,902               5,485
Investment securities held to maturity - at amortized cost, approximate market
  value of $3,185 and $7,317 as of  March 31, 1999 and June 30, 1998                          3,185               7,285
Mortgage-backed securities available for sale - at market                                    13,069                  - 
Mortgage-backed securities held to maturity - at amortized cost, approximate
  market value of $965 and $1,214 as of March 31, 1999 and June 30, 1998                      1,010               1,269
Loans receivable - net                                                                       87,824              83,574
Property acquired in settlement of loans                                                         39                  58
Office premises and equipment - at depreciated cost                                             731                 600
Federal Home Loan Bank stock - at cost                                                        1,340                 825
Accrued interest receivable on loans                                                             98                 114
Accrued interest receivable on mortgage-backed securities                                        70                   7
Accrued interest receivable on investments and interest-bearing deposits                        109                 233
Prepaid expenses and other assets                                                               155                 150
Prepaid federal income taxes                                                                     19                  - 
Deferred federal income taxes                                                                   201                 142
                                                                                            -------             -------

         Total assets                                                                      $115,153            $102,535
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 78,869            $ 75,955
Advances from the Federal Home Loan Bank                                                     25,375              15,558
Advances by borrowers for taxes and insurance                                                     9                   5
Accrued interest payable                                                                        388                 342
Other liabilities                                                                               100                 226
Accrued federal income taxes                                                                     -                  106
                                                                                            -------             -------
         Total liabilities                                                                  104,741              92,192


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                                                                  7,099               6,908
  Retained earnings, restricted                                                               8,183               7,742
  Shares acquired by stock benefit plans                                                       (621)               (759)
  Less 442,706 and 394,530 shares of treasury stock - at cost                                (4,194)             (3,551)
  Unrealized losses on securities designated as available for sale, net of
    related tax effects                                                                         (72)                (14)
                                                                                            -------             -------
         Total stockholders' equity                                                          10,412              10,343
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $115,153            $102,535
                                                                                            =======             =======
</TABLE>


                                        3



<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                       CONSOLIDATED STATEMENTS OF EARNINGS

                        (In thousands, except share data)


                                                                 Nine months ended             Three months ended
                                                                       March 31,                    March 31,
                                                                  1999         1998            1999         1998
<S>                                                                <C>         <C>             <C>           <C>
Interest income
  Loans                                                         $5,143       $4,940          $1,707       $1,682
  Mortgage-backed securities                                       421           76             193           25
  Investment securities                                            421          531             112          188
  Interest-bearing deposits and other                              128           22              21           15
                                                                 -----        -----           -----        -----
         Total interest income                                   6,113        5,569           2,033        1,910

Interest expense
  Deposits                                                       2,683        2,659             864          875
  Borrowings                                                       926          393             331          148
                                                                 -----        -----           -----        -----
         Total interest expense                                  3,609        3,052           1,195        1,023
                                                                 -----        -----           -----        -----

         Net interest income                                     2,504        2,517             838          887

Provision for losses on loans                                       73          120              21           64
                                                                 -----        -----           -----        -----

         Net interest income after provision
           for losses on loans                                   2,431        2,397             817          823

Other income
  Gain on sale of investment securities                              6           -               -            -
  Loss on sale of other repossessed assets                          (2)          (6)             -            (4)
  Other operating                                                  183          141              58           46
                                                                 -----        -----           -----        -----
         Total other income                                        187          135              58           42

General, administrative and other expense
  Employee compensation and benefits                               852          738             282          253
  Occupancy and equipment                                          102          101              38           38
  Federal deposit insurance premiums                                35           34              12           11
  Franchise taxes                                                  113          111              34           41
  Expenses of property acquired in settlement of loans              22           23               8            8
  Data processing                                                  159          133              59           53
  Other operating                                                  338          371             104          123
                                                                 -----        -----           -----        -----
         Total general, administrative and other expense         1,621        1,511             537          527
                                                                 -----        -----           -----        -----

         Earnings before income taxes                              997        1,021             338          338

Federal income taxes
  Current                                                          363          390             107          117
  Deferred                                                         (29)         (44)              8           (6)
                                                                 -----        -----           -----        -----
         Total federal income taxes                                334          346             115          111
                                                                 -----        -----           -----        -----

         NET EARNINGS                                           $  663       $  675          $  223       $  227
                                                                 =====        =====           =====        =====

         EARNINGS PER SHARE
           Basic                                                  $.58         $.53            $.20         $.18
                                                                   ===          ===             ===          ===

           Diluted                                                $.57         $.52            $.20         $.17
                                                                   ===          ===             ===          ===

</TABLE>

                                        4


<PAGE>


<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                 (In thousands)


                                                             For the nine months           For the three months
                                                               ended March 31,                ended March 31,
                                                            1999            1998           1999           1998
<S>                                                         <C>             <C>             <C>            <C>
Net earnings                                                $663            $675           $223           $227

Other comprehensive income, net of tax:
  Unrealized holding gains (losses) on securities
    during the period                                        (54)             (1)            41             - 

Reclassification adjustment for realized gains
  included in earnings                                        (4)             -              -              - 
                                                             ---             ---            ---            ---

Comprehensive income                                        $605            $674           $264           $227
                                                             ===             ===            ===            ===

</TABLE>































                                        5


<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

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


                                                                                      1999              1998
<S>                                                                                    <C>               <C>
Cash flows from operating activities:
  Net earnings for the period                                                      $   663           $   675
  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                                  26               (17)
    Amortization of deferred loan origination fees                                    (174)              (70)
    Depreciation and amortization                                                       35                36
    Provision for losses on loans                                                       73               120
    Amortization expense of stock benefit plans                                        329               226
    Loss on sale of other repossessed assets                                             2                 6
    Federal Home Loan Bank stock dividends                                             (63)              (42)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                              16               (26)
      Accrued interest receivable on mortgage-backed securities                        (63)                4
      Accrued interest receivable on investments and
        interest-bearing deposits                                                      124               (16)
      Prepaid expenses and other assets                                                 (5)              (47)
      Accrued interest payable                                                          46                62
      Other liabilities                                                               (126)              (46)
      Federal income taxes
        Current                                                                       (125)              113
        Deferred                                                                       (29)              (44)
                                                                                    ------            ------
         Net cash provided by operating activities                                     729               934

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                    5,583             4,641
  Proceeds from sale of securities designated as available for sale                  4,996              -
  Purchase of investment securities designated as available for sale                (2,949)           (4,992)
  Purchase of investment securities designated as held to maturity                    (930)           (2,581)
  Purchase of mortgage-backed securities designated as available for sale          (16,252)             -
  Principal repayments on mortgage-backed securities                                 3,308               188
  Loan principal repayments                                                         23,080            13,950
  Loan disbursements                                                               (27,364)          (20,729)
  Purchase of office premises and equipment                                           (166)              (23)
  Proceeds from sale of other repossessed assets                                       154                53
  Purchase of Federal Home Loan Bank stock                                            (452)               - 
                                                                                    ------            ------
         Net cash used in investing activities                                     (10,992)           (9,493)
                                                                                    ------            ------

         Net cash used in operating and investing
           activities (subtotal carried forward)                                   (10,263)           (8,559)
                                                                                    ------            ------

</TABLE>


                                        6


<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

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


                                                                                    1999              1998
<S>                                                                               <C>                  <C>
         Net cash used in operating and investing
           activities (subtotal brought forward)                                $(10,263)          $(8,559)

Cash flows provided by financing activities:
  Net increase in deposit accounts                                                 2,914             2,459
  Proceeds from Federal Home Loan Bank advances                                   12,000            18,550
  Repayment of Federal Home Loan Bank advances                                    (2,183)          (11,780)
  Advances by borrowers for taxes and insurance                                        4                 7
  Purchase of treasury stock                                                        (643)             (636)
  Dividends on common stock                                                         (221)             (199)
                                                                                 -------            ------
         Net cash provided by financing activities                                11,871             8,401
                                                                                 -------            ------

Net increase (decrease) in cash and cash equivalents                               1,608              (158)

Cash and cash equivalents at beginning of period                                   2,793             2,410
                                                                                 -------            ------

Cash and cash equivalents at end of period                                      $  4,401           $ 2,252
                                                                                 =======            ======


Supplemental  disclosure of cash flow  information:
  Cash paid during the period for:
    Federal income taxes                                                        $    487           $   295
                                                                                 =======            ======

    Interest on deposits and borrowings                                         $  3,563           $ 2,990
                                                                                 =======            ======

Supplemental disclosure of noncash investing activities:
  Transfers from loans to other repossessed assets                              $    154           $    52
                                                                                 =======            ======

  Unrealized losses on securities designated as available
    for sale, net of related tax effects                                        $    (58)          $   (10)
                                                                                 =======            ====== 

</TABLE>












                                        7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

           For the nine and three months ended March 31, 1999 and 1998


    1.   Basis of Presentation

    The accompanying  unaudited  consolidated financial statements were prepared
    in  accordance  with  instructions  for Form 10-QSB and,  therefore,  do not
    include  information or footnotes  necessary for a complete  presentation of
    consolidated  financial  position,  results of operations  and cash flows in
    conformity with generally accepted accounting principles. Accordingly, these
    financial  statements  should be read in conjunction  with the  consolidated
    financial statements and notes thereto of Community Investors Bancorp,  Inc.
    (the  "Corporation")  included  in the Annual  Report on Form 10-KSB for the
    year  ended June 30,  1998.  However,  in the  opinion  of  management,  all
    adjustments  (consisting  of  only  normal  recurring  accruals)  which  are
    necessary  for a fair  presentation  of the financial  statements  have been
    included.  The results of  operations  for the three and nine month  periods
    ended March 31, 1999 are not necessarily indicative of the results which may
    be expected for an entire fiscal year.

    2.   Principles of Consolidation

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

    3.   Earnings Per Share

    Basic earnings per share is computed based upon the weighted-average  common
    shares  outstanding  during  the  period  less  shares  in the ESOP that are
    unallocated and not committed to be released. Weighted-average common shares
    deemed  outstanding,  which gives effect to 79,272  unallocated ESOP shares,
    totaled  1,146,414  and 1,138,872 for the nine and three month periods ended
    March 31, 1999.  Weighted-average  common shares deemed  outstanding,  which
    gives  effect to 92,709  unallocated  ESOP  shares,  totaled  1,262,325  and
    1,259,807 for the nine and three month period ended March 31,1998.

    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
    1,163,715 and 1,156,173 for the nine and three month periods ended March 31,
    1999.  Weighted-average  common  shares deemed  outstanding  for purposes of
    computing diluted earnings per share totaled 1,294,847 and 1,300,082 for the
    nine and three month periods ended March 31, 1998.






                                        8



<PAGE>


                        Community Investors Bancorp, Inc.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

           For the nine and three months ended March 31, 1999 and 1998


    4.   Effects of Recent Accounting Pronouncements

    In June 1997, the Financial  Accounting  Standards Board (the "FASB") issued
    Statement of Financial  Accounting  Standards  ("SFAS") No. 130,  "Reporting
    Comprehensive  Income." SFAS No. 130 establishes standards for reporting and
    display of  comprehensive  income and its  components  (revenues,  expenses,
    gains and  losses) in a full set of  general-purpose  financial  statements.
    SFAS No. 130  requires  that all items that are  required  to be  recognized
    under accounting standards as components of comprehensive income be reported
    in a financial statement that is displayed with the same prominence as other
    financial  statements.  It does  not  require  a  specific  format  for that
    financial  statement  but  requires  that an  enterprise  display  an amount
    representing  total  comprehensive  income for the period in that  financial
    statement.

    SFAS  No.  130  requires  that an  enterprise  (a)  classify  items of other
    comprehensive  income  by their  nature  in a  financial  statement  and (b)
    display the accumulated  balance of other  comprehensive  income  separately
    from  retained  earnings and  additional  paid-in  capital.  SFAS No. 130 is
    effective   for  fiscal   years   beginning   after   December   15,   1997.
    Reclassification  of financial  statements for earlier periods  provided for
    comparative purposes is required.  Management adopted SFAS No. 130 effective
    July 1, 1998,  as required,  without  material  impact on the  Corporation's
    financial statements.

    In June 1997, the FASB issued SFAS No. 131,  "Disclosures  about Segments of
    an Enterprise and Related  Information." SFAS No. 131 significantly  changes
    the way that public business  enterprises report information about operating
    segments in annual financial  statements and requires that those enterprises
    report selected  information about reportable  segments in interim financial
    reports issued to shareholders.  It also  establishes  standards for related
    disclosures  about  products  and  services,   geographic  areas  and  major
    customers.  SFAS No. 131 uses a "management  approach" to disclose financial
    and  descriptive  information  about the way that  management  organizes the
    segments within the enterprise for making operating  decisions and assessing
    performance.  For many  enterprises,  the  management  approach  will likely
    result in more segments being reported.  In addition,  SFAS No. 131 requires
    significantly  more information to be disclosed for each reportable  segment
    than is presently  being  reported in annual  financial  statements and also
    requires  that  selected   information  be  reported  in  interim  financial
    statements.  SFAS No. 131 is  effective  for fiscal  years  beginning  after
    December 15, 1997.  Management  adopted SFAS No. 131 effective July 1, 1998,
    as  required,   without  material  impact  on  the  Corporation's  financial
    statements.

    In June 1998,  the FASB  issued  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.





                                        9


<PAGE>


                        Community Investors Bancorp, Inc.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

           For the nine and three months ended March 31, 1999 and 1998


    4.   Effects of Recent Accounting Pronouncements (continued)

    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 is effective for fiscal years beginning after June 15, 1999. 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.  SFAS No.  133 is not  expected  to have a  material  impact  on the
    Corporation's financial statements.































                                       10



<PAGE>


                        Community Investors Bancorp, Inc.

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


Forward-Looking Statements

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

Some of the  forward-looking  statements  included  herein  are  the  statements
regarding management's determination of the amount and adequacy of the allowance
for  losses  on  loans,  the  effect  of the year  2000 on  certain  information
technology systems and the effect of certain recent accounting pronouncements.


Discussion of Financial Condition Changes from June 30, 1998 to March 31, 1999

At March 31, 1999, the Corporation's  assets totaled $115.2 million, an increase
of $12.6  million,  or 12.3%,  over the level  reported  at June 30,  1998.  The
increase in assets was funded primarily  through growth in the deposit portfolio
of $2.9  million,  combined  with an increase in advances  from the Federal Home
Loan Bank of $9.8 million.

Liquid assets (i.e. cash,  interest-bearing  deposits and investment securities)
decreased  by $5.1  million  during the nine month  period,  to a total of $10.5
million at March 31, 1999, as maturities  and sales of investment  securities of
$5.6 million and $5.0 million, respectively,  were partially offset by purchases
of investment  securities  totaling $3.9 million and a $1.6 million  increase in
cash and cash equivalents.  Mortgage-backed  securities totaled $14.1 million at
March  31,  1999,  an  increase  of $12.8  million  over June 30,  1998  levels.
Purchases of mortgage-backed and investment securities totaled $16.3 million and
$3.9  million,  respectively,  during the nine  month  period.  The  instruments
include  government  agency  securities and corporate  bonds and bear a weighted
average  interest rate of 6.42%.  The purchases were financed  using  fixed-rate
advances  from the Federal  Home Loan Bank bearing a weighted  average  interest
rate of 5.05%,  coupled  with  previously  mentioned  maturities  of  investment
securities. Regulatory liquidity amounted to 10.09% at March 31, 1999.

Loans  receivable  increased  by $4.3  million,  or 5.1%,  during the nine month
period,  to a total of $87.8  million  at March  31,  1999.  Loan  disbursements
amounted to $27.4 million and were partially  offset by principal  repayments of
$23.1  million.  The volume of loan  disbursements  during the nine months ended
March 31, 1999,  exceeded the volume achieved during the nine months ended March
31, 1998 by $6.6  million,  or 32.0%.  The  allowance  for loan  losses  totaled
$578,000  at  March  31,  1999,  as  compared  to  $563,000  at June  30,  1998.
Nonperforming  loans totaled $848,000 at March 31, 1999, as compared to $600,000
at  June  30,  1998.  The  allowance  for  loan  losses   represented  68.2%  of
nonperforming  loans as of March 31, 1999 and 93.8% at June 30,  1998.  Although
management  believes  that its  allowance  for loan losses at March 31, 1999, 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.


                                       11


<PAGE>


                        Community Investors Bancorp, Inc.

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


Discussion of Financial  Condition  Changes from June 30, 1998 to March 31, 1999
(continued)

Deposits  totaled  $78.9 million at March 31, 1999, an increase of $2.9 million,
or 3.8%, over June 30, 1998 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  $25.4  million at March 31,
1999,  an increase of $9.8  million,  or 63.1%,  over June 30, 1998 levels.  The
increase resulted  primarily from fixed-rate  advances used to fund the purchase
of mortgage-backed and investment securities, as previously discussed.

The Association is required to meet minimum capital standards promulgated by the
Office of Thrift Supervision (OTS). At March 31, 1999, the Association's capital
was well in excess of such minimum capital requirements.


Comparison of Operating Results for the Nine Month Periods Ended March 31, 1999
and 1998

General

The  Corporation's net earnings totaled $663,000 for the nine months ended March
31,  1999,  a decrease of $12,000,  or 1.8%,  from the  $675,000 of net earnings
reported  for the same  period  in  1998.  The  decrease  in  earnings  resulted
primarily from a $110,000 increase in general,  administrative and other expense
and a $13,000 decrease in net interest income,  which were partially offset by a
$52,000  increase in other income and a $12,000  decrease in the  provision  for
federal income taxes.

Net Interest Income

Net  interest  income  decreased  by $13,000,  or .5%, for the nine months ended
March 31, 1999, compared to the 1998 period.  Interest income on loans increased
by $203,000,  or 4.1%,  due primarily to a $6.4 million  increase in the average
net portfolio balance of loans outstanding  year-to-year,  partially offset by a
decline in the average yield.  Interest income on investment and mortgage-backed
securities and  interest-bearing  deposits increased by $341,000,  or 54.2%, due
primarily  to  a  $12.0  million  increase  in  the  average  portfolio  balance
outstanding.

Interest  expense on deposits  increased by $24,000,  or .9%, due primarily to a
$3.2 million increase in the average balance of deposits outstanding,  which was
partially  offset by a decline in the cost of  deposits  year-to-year.  Interest
expense on  borrowings  increased by $533,000,  due primarily to a $13.9 million
increase in the weighted-average  balance of advances from the Federal Home Loan
Bank outstanding.





                                       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, 1999
and 1998 (continued)

Net Interest Income (continued)

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income decreased by $13,000, or .5%, to a total of $2.5 million for
the nine months  ended March 31,  1999.  The  interest  rate spread  amounted to
approximately  2.63% in the 1999 nine month period,  as compared to 3.06% during
the 1998 period,  while the net interest margin totaled  approximately  3.02% in
1999, as compared to 3.55% in 1998.

Provision for Losses on Loans

A  provision  for  losses on loans is  charged  to  earnings  to bring the total
allowance for loan losses to a level considered  appropriate by management based
on  historical  experience,  the  volume and type of  lending  conducted  by the
Association,  the status of past due  principal and interest  payments,  general
economic conditions, particularly as such conditions relate to the Association's
market  area,  and  other  factors   related  to  the   collectibility   of  the
Association's loan portfolio. As a result of such analysis,  management recorded
a $73,000 provision for losses on loans during the nine month period ended March
31,  1999, a decrease of $47,000 from the  comparable  1998 period.  The current
period  provision  reflects  the growth in the loan  portfolio  coupled  with an
increase in nonperforming  loans,  mitigated by the composition of nonperforming
assets, which consists substantially of one- to four-family residential mortgage
loans that management deems to have adequate levels of collateralization.  There
can be no  assurance  that the loan loss  allowance of the  Association  will be
adequate to cover losses on nonperforming assets in the future.

Other Income

Other income increased by $52,000, or 38.5%, for the nine months ended March 31,
1999,  compared  to the same  period in 1998,  due  primarily  to an increase in
service fees on deposit accounts and transactions.

General, Administrative and Other Expense

General, administrative and other expense increased by $110,000, or 7.3%, during
the nine months ended March 31, 1999,  compared to the same period in 1998. This
increase  resulted  primarily from an $114,000,  or 15.4%,  increase in employee
compensation  and benefits,  which was partially  offset by a $33,000,  or 8.9%,
decrease in other operating expenses.  The increase in employee compensation and
benefits resulted primarily from increased staffing levels year to year, coupled
with  increased  costs  attendant  to  stock  benefit  plans  and  normal  merit
increases.  The decrease in other operating  expenses resulted from management's
ongoing   efforts  to  control   expenses   and  achieve   increased   operating
efficiencies.

Federal Income Taxes

The provision for federal  income taxes  decreased by $12,000,  or 3.5%, for the
nine months ended March 31, 1999,  as compared to the same period in 1998.  This
decrease  resulted  primarily from the decrease in net earnings  before taxes of
$24,000,  or 2.4%.  The  effective  tax rates  were 33.5% and 33.9% for the nine
months ended March 31, 1999 and 1998, respectively.

                                       13


<PAGE>


                        Community Investors Bancorp, Inc.

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

Comparison of Operating Results for the Three Month Periods Ended March 31, 1999
and 1998

General

The Corporation's net earnings totaled $223,000 for the three months ended March
31,  1999,  a decrease of $4,000,  or 1.8%,  from the  $227,000 of net  earnings
reported  for the same  period  in  1998.  The  decrease  in  earnings  resulted
primarily from a $49,000  decrease in net interest income and a $10,000 increase
in general,  administrative and other expense,  which were partially offset by a
$16,000  increase in other income and a $43,000  decrease in the  provision  for
losses on loans.

Net Interest Income

Net interest  income  decreased by $49,000,  or 5.5%, for the three months ended
March 31, 1999, compared to the 1998 period.  Interest income on loans increased
by $25,000, or 1.5%, due primarily to a $5.6 million increase in the average net
portfolio  balance  of loans  outstanding  year-to-year,  partially  offset by a
decline in the average yield.  Interest income on investment and mortgage-backed
securities and  interest-bearing  deposits  increased by $98,000,  or 43.0%, due
primarily to an increase in the average portfolio balance outstanding.

Interest expense on deposits  decreased by $11,000,  or 1.3%, due primarily to a
decline in the cost of deposits  year-to-year,  which was partially  offset by a
$1.9 million increase in the average balance of deposits  outstanding.  Interest
expense on  borrowings  increased by $183,000,  due primarily to a $14.2 million
increase in the weighted-average  balance of advances from the Federal Home Loan
Bank outstanding.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  decreased by $49,000,  or 5.5%, to a total of $838,000 for
the three  months ended March 31, 1999.  The  interest  rate spread  amounted to
approximately  2.60% in the 1999 three month period, as compared to 3.27% during
the 1998 period,  while the net interest margin totaled  approximately  2.98% in
1999, as compared to 3.76% in 1998.

Provision for Losses on Loans

A  provision  for  losses on loans is  charged  to  earnings  to bring the total
allowance for loan losses to a level considered  appropriate by management based
on  historical  experience,  the  volume and type of  lending  conducted  by the
Association,  the status of past due  principal and interest  payments,  general
economic conditions, particularly as such conditions relate to the Association's
market  area,  and  other  factors   related  to  the   collectibility   of  the
Association's loan portfolio. As a result of such analysis,  management recorded
a $21,000  provision  for losses on loans  during the three month  period  ended
March 31,  1999,  a decrease of $43,000 from the  comparable  1998  period.  The
current period provision  reflects the growth in the loan portfolio coupled with
an  increase  in   nonperforming   loans,   mitigated  by  the   composition  of
nonperforming  assets,  which  consists  substantially  of one-  to  four-family
residential  mortgage  loans that  management  deems to have adequate  levels of
collateralization. There can be no assurance that the loan loss allowance of the
Association  will be adequate  to cover  losses on  nonperforming  assets in the
future.



                                       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, 1999
and 1998 (continued)

Other Income

Other income  increased by $16,000,  or 38.1%,  for the three months ended March
31, 1999,  compared to the same period in 1998,  due primarily to an increase in
service fees on deposit accounts and transactions.

General, Administrative and Other Expense

General,  administrative and other expense increased by $10,000, or 1.9%, during
the three months ended March 31, 1999, compared to the same period in 1998. This
increase  resulted  primarily  from a $29,000,  or 11.5%,  increase  in employee
compensation and benefits,  which was partially  offset by a $19,000,  or 15.4%,
decrease in other operating expenses.  The increase in employee compensation and
benefits resulted primarily from increased staffing levels year to year, coupled
with  increased  costs  attendant  to  stock  benefit  plans  and  normal  merit
increases.  The decrease in other operating  expenses resulted from management's
ongoing efforts to reduce expenses and achieve increased operating efficiencies.


Federal Income Taxes

The provision for federal income taxes increased by $4,000,  or 3.6%, during the
three months ended March 31, 1999,  as compared to the same period in 1998.  Net
earnings  before income taxes  remained  unchanged at $338,000,  compared to the
three months ended March 31, 1998.  The effective tax rates were 34.0% and 32.8%
for the three months ended March 31, 1999 and 1998, respectively.


Year 2000 Compliance Matters

As with all providers of financial  services,  the Association's  operations are
heavily  dependent  on  information   technology  systems.  The  Association  is
addressing  the potential  problems  associated  with the  possibility  that the
computers  that  control  or  operate  the  information  technology  system  and
infrastructure  may not be  programmed to read  four-digit  date codes and, upon
arrival of the year 2000,  may  recognize  the  two-digit  code "00" as the year
1900, causing systems to fail to function or to generate erroneous data.

As part of the awareness and assessment phases of its action plan related to the
Year 2000 problem,  the  Association  identified  the operating  systems that it
considers  critical  to  the  on-going  operations  of  the  Asssociation.   The
Association  is working with  companies  that supply or service its  information
technology systems to remedy any year 2000 problems.





                                       15


<PAGE>


                        Community Investors Bancorp, Inc.

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


Year 2000 Compliance Matters (continued)

Of the systems that the  Association  identified as  mission-critical,  the most
significant is the on-line core account processing system that is performed by a
third party service provider,  Intrieve, Inc. The service provider has converted
its hardware to a new Year 2000 compliant system.  The Association's  conversion
to this new system was completed during the fourth calendar quarter of 1998. The
service provider successfully  performed Year 2000 proxy testing with several of
its larger users during early October 1998.  Year 2000  compliance has become an
integral part of the  Association's  1999  planning.  With the completion of the
proxy testing of the mission critical systems the Association is now focusing on
the less critical portions of the year 2000 program.

The  Association has developed a contingency  plan in case the  mission-critical
systems are not  successfully  renovated in a timely  manner or if they actually
fail at  Year  2000  critical  dates.  The  contingency  plan  states  that  the
Association deems the likelihood of failure of the service provider's efforts to
renovate Year 2000 changes to the on-line core account  processing  system to be
remote;  however,  a more likely scenario is that the service  provider's system
will be down for  several  days or weeks upon  arrival  of Year 2000.  The plan,
therefore, primarily addresses action to deal with the latter possibility rather
than with a catastrophic  event. The Association  does not consider  contingency
planning to be a static process;  therefore, the plan will be amended to address
a catastrophic event if testing results indicate greater concern.

Management  of the  Association  has  developed an estimate of expenses that are
reasonably  likely to be incurred by the  Association  in  connection  with this
issue;  however, the Association does not expect to incur significant expense to
implement  the  necessary  corrective  measures.  As  of  March  31,  1999,  the
Association  has expensed  approximately  $3,000 to ensure all mission  critical
systems will be functional upon arrival of Year 2000. No assurance can be given,
however, that significant expense will not be incurred in future periods. In the
event that the  Association  is  ultimately  required  to  purchase  replacement
computer systems,  programs and equipment,  or incur substantial expense to make
the Association's  current systems,  programs and equipment Year 2000 compliant,
the  Association's  net  earnings  and  financial  condition  could be adversely
affected.

In addition to possible  expense  related to its own  systems,  the  Association
could  incur  losses if loan  payments  are  delayed  due to Year 2000  problems
affecting any major borrowers in the Association's  primary market area. Because
the Association's loan portfolio is highly diversified with regard to individual
borrowers and types of businesses and the  Association's  primary market area is
not significantly  dependent upon one employer or industry, the Association does
not  expect any  significant  or  prolonged  difficulties  that will  affect net
earnings or cash flow.









                                       16


<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:
           27                                 Financial Data Schedule  for  the
                                              nine months ended March 31, 1999.

















                                       17


<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 14, 1999                         By:  /s/John W. Kennedy
     -------------------------                     ---------------------------
                                                     John W. Kennedy
                                                     President and Chief
                                                     Executive Officer



Date:    May 14, 1999                         By:  /s/Robert W. Siegel
     -------------------------                     ---------------------------
                                                     Robert W. Siegel
                                                     Assistant Vice President
                                                     and Controller































                                       18