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        December 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 February 11, 2000, the latest  practicable  date,  1,207,288 shares of the
registrant's common stock, $.01 par value, were issued and outstanding.










                               Page 1 of 17 pages

<PAGE>



                                                        INDEX

                                                                       Page

PART I    -    FINANCIAL INFORMATION

               Consolidated Statements of Financial Condition           3

               Consolidated Statements of Earnings                      4

               Consolidated Statements of Comprehensive Income          5

               Consolidated Statements of Cash Flows                    6

               Notes to Consolidated Financial Statements               8

               Management's Discussion and Analysis of
               Financial Condition and Results of
               Operations                                              10


PART II  -     OTHER INFORMATION                                       16

               SIGNATURES                                              17











                                       2



<PAGE>

<TABLE>
                        Community Investors Bancorp, Inc.
<CAPTION>
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                       December 31,            June 30,
         ASSETS                                                                                1999                1999
<S>                                                                                             <C>                 <C>
Cash and due from banks                                                                    $  3,257            $  2,142
Federal funds sold                                                                              120                 724
Interest-bearing deposits in other financial institutions                                         -                 631
                                                                                            -------             -------
         Cash and cash equivalents                                                            3,377               3,497

Investment securities available for sale - at market                                          5,284               3,847
Investment securities held to maturity - at amortized cost, approximate market
  value of $3,492 and $3,647 as of  December 31, 1999 and June 30, 1999                       3,592               3,664
Mortgage-backed  securities available for sale - at market                                   10,170              11,670
Mortgage-backed securities held to maturity - at amortized cost, approximate market
  value of $827 and $872 as of December 31, 1999 and June 30, 1999                              841                 913
Loans receivable - net                                                                       94,091              89,922
Property acquired in settlement of loans                                                        212                  50
Office premises and equipment - at depreciated cost                                             703                 720
Federal Home Loan Bank stock - at cost                                                        1,454               1,363
Accrued interest receivable on loans                                                             87                  65
Accrued interest receivable on mortgage-backed securities                                        59                  69
Accrued interest receivable on investments and interest-bearing deposits                         96                  86
Prepaid expenses and other assets                                                                68                 127
Prepaid federal income taxes                                                                      -                  23
Deferred federal income taxes                                                                   242                 208
                                                                                            -------             -------

         Total assets                                                                      $120,276            $116,224
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 80,179            $ 79,954
Advances from the Federal Home Loan Bank                                                     28,591              25,291
Advances by borrowers for taxes and insurance                                                     5                   1
Accrued interest payable                                                                        394                 369
Other liabilities                                                                               199                 192
                                                                                            -------             -------
         Total liabilities                                                                  109,368             105,807


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                                                                  7,118               7,084
  Retained earnings, restricted                                                               8,686               8,370
  Shares acquired by stock benefit plans                                                       (532)               (610)
  Less 445,166 and 442,166 shares of treasury stock - at cost                                (4,214)             (4,189)
  Accumulated other comprehensive income - unrealized losses on securities
    designated as available for sale, net of related tax effects                               (167)               (255)
                                                                                            -------             -------
         Total stockholders' equity                                                          10,908              10,417
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $120,276            $116,224
                                                                                            =======             =======
</TABLE>




                                        3



<PAGE>

<TABLE>
                        Community Investors Bancorp, Inc.
<CAPTION>
                       CONSOLIDATED STATEMENTS OF EARNINGS

                        (In thousands, except share data)


                                                                         Six months ended             Three months ended
                                                                            December 31,                  December 31,
                                                                         1999         1998            1999         1998
<S>                                                                       <C>          <C>             <C>          <C>
Interest income
  Loans                                                                $3,523       $3,436          $1,775       $1,706
  Mortgage-backed securities                                              330          228             162          198
  Investment securities                                                   311          309             162          116
  Interest-bearing deposits and other                                      24          107              15           50
                                                                        -----        -----           -----        -----
         Total interest income                                          4,188        4,080           2,114        2,070

Interest expense
  Deposits                                                              1,758        1,819             881          907
  Borrowings                                                              739          595             395          340
                                                                        -----        -----           -----        -----
         Total interest expense                                         2,497        2,414           1,276        1,247
                                                                        -----        -----           -----        -----

         Net interest income                                            1,691        1,666             838          823

Provision for losses on loans                                              39           52              17           26
                                                                        -----        -----           -----        -----

         Net interest income after provision
           for losses on loans                                          1,652        1,614             821          797

Other income
  Gain on sale of investment securities                                     -            6               -            6
  Gain (loss) on sale of repossessed assets                                14           (2)             12           (2)
  Other operating                                                         148          125              80           68
                                                                        -----        -----           -----        -----
         Total other income                                               162          129              92           72

General, administrative and other expense
  Employee compensation and benefits                                      563          570             294          287
  Occupancy and equipment                                                  67           64              33           34
  Federal deposit insurance premiums                                       24           23              12           12
  Franchise taxes                                                          65           79              33           38
  Expenses of property acquired in settlement of loans                     26           14              18           10
  Data processing                                                         120          100              61           49
  Other operating                                                         236          234             127          128
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                1,101        1,084             578          558
                                                                        -----        -----           -----        -----

         Earnings before income taxes                                     713          659             335          311

Federal income taxes
  Current                                                                 317          227             151          131
  Deferred                                                                (79)          (8)            (39)         (27)
                                                                        -----        -----          ------        -----
         Total federal income taxes                                       238          219             112          104
                                                                        -----        -----          ------        -----

         NET EARNINGS                                                  $  475       $  440         $   223       $  207
                                                                        =====        =====          ======        =====

         EARNINGS PER SHARE
           Basic                                                         $.42         $.38            $.20         $.18
                                                                          ===          ===             ===          ===

           Diluted                                                       $.41         $.37            $.19         $.18
                                                                          ===          ===             ===          ===
</TABLE>


                                        4


<PAGE>

<TABLE>
                        Community Investors Bancorp, Inc.
<CAPTION>
                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                 (In thousands)


                                                                         Six months ended             Three months ended
                                                                            December 31,                  December 31,
                                                                         1999         1998            1999         1998
<S>                                                                       <C>          <C>             <C>          <C>
Net earnings                                                           $  475       $  440          $  223       $  207

Other comprehensive income, net of tax:
  Unrealized holding gains (losses) on securities during the period,
   net of tax $45, $49, $9 and $45 for the respective periods.             88          (95)            (18)         (88)

Reclassification adjustment for realized gains
  included in earnings, net of tax of $2                                    -           (4)              -            (4)
                                                                         ----         ----            ----          ----


Comprehensive income                                                    $ 563        $ 341           $ 205         $ 115
                                                                         ====         ====            ====          ====


Accumulated comprehensive loss                                          $(167)       $(113)          $(167)        $(113)
                                                                         ====         ====            ====          ====
</TABLE>












                                        5



<PAGE>

<TABLE>
                        Community Investors Bancorp, Inc.
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

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


                                                                                                 1999              1998
<S>                                                                                               <C>               <C>
Cash flows from operating activities:
  Net earnings for the period                                                                $    475          $    440
  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                                             14                (5)
    Amortization of deferred loan origination fees                                                (35)              (50)
    Depreciation and amortization                                                                  29                22
    Provision for losses on loans                                                                  39                52
    Amortization expense of stock benefit plans                                                   113               156
    (Gain) loss on sale of repossessed assets                                                     (14)                2
    Federal Home Loan Bank stock dividends                                                        (50)              (40)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                        (22)               11
      Accrued interest receivable on mortgage-backed securities                                    10               (71)
      Accrued interest receivable on investments and
        interest-bearing deposits                                                                 (10)              173
      Prepaid expenses and other assets                                                            59                92
      Accrued interest payable                                                                     25                36
      Other liabilities                                                                             7               (10)
      Federal income taxes
        Current                                                                                   (11)             (200)
        Deferred                                                                                  (79)               (8)
                                                                                              -------           -------
         Net cash provided by operating activities                                                550               600

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                                   4             4,332
  Proceeds from sale of investment securities                                                       -             4,996
  Purchase of investment securities designated as available for sale                           (1,500)           (3,078)
  Purchase of investment securities designated as held to maturity                                  -                 -
  Purchase of mortgage-backed securities designated as available
    for sale                                                                                        -           (15,740)
  Principal repayments on mortgage-backed securities                                            1,713             1,839
  Loan principal repayments                                                                    12,661            22,191
  Loan disbursements                                                                          (16,957)          (24,732)
  Purchase of office premises and equipment                                                       (12)             (142)
  Proceeds from sale of repossessed assets                                                        117               146
  Purchase of Federal Home Loan Bank stock                                                        (42)             (452)
                                                                                              -------           -------
         Net cash used in investing activities                                                 (4,016)          (10,640)
                                                                                              -------           -------

         Net cash used in operating and investing
           activities (subtotal carried forward)                                               (3,466)          (10,040)
                                                                                              -------           -------
</TABLE>



                                        6


<PAGE>

<TABLE>
                        Community Investors Bancorp, Inc.
<CAPTION>
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

                      For the six months ended December 31,


                                                                                                 1999              1998
<S>                                                                                               <C>               <C>
         Net cash used in operating and investing
           activities (subtotal brought forward)                                             $ (3,466)         $(10,040)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                                225             2,872
  Proceeds from Federal Home Loan Bank advances                                                25,000            12,000
  Repayment of Federal Home Loan Bank advances                                                (21,700)           (2,165)
  Advances by borrowers for taxes and insurance                                                     4                 8
  Purchase of treasury stock                                                                      (25)             (643)
  Dividends on common stock                                                                      (158)             (148)
                                                                                              -------           -------
         Net cash provided by financing activities                                              3,346            11,924
                                                                                              -------           -------

Net increase (decrease) in cash and cash equivalents                                             (120)            1,884

Cash and cash equivalents at beginning of period                                                3,497             2,793
                                                                                             --------           -------

Cash and cash equivalents at end of period                                                  $   3,377          $  4,677
                                                                                             ========           =======


Supplemental  disclosure of cash flow  information:
  Cash paid during the period for:
    Federal income taxes                                                                    $     294          $    378
                                                                                             ========           =======

    Interest on deposits and borrowings                                                     $   2,472          $  2,378
                                                                                             ========           =======

Supplemental disclosure of noncash investing activities:
  Transfers from loans to repossessed assets                                                $     328          $    128
                                                                                             ========           =======

  Unrealized gains (losses) on securities designated as available
    for sale, net of related tax effects                                                    $      88          $    (99)
                                                                                             ========           =======
</TABLE>










                                       7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

          For the six and three months ended December 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,  1999.  However,  in the  opinion  of  management,  all
    adjustments  (consisting  of  only  normal  recurring  accruals)  which  are
    necessary  for a fair  presentation  of the financial  statements  have been
    included.  The results of  operations  for the six and three  month  periods
    ended December 31, 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 its wholly owned  subsidiary,  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  1,139,396  and  1,139,379 for the six and three month periods ended
    December 31, 1999. Weighted-average common shares deemed outstanding,  which
    gives  effect to 92,709  unallocated  ESOP  shares,  totaled  1,150,103  and
    1,137,419 for the six and three month periods ended December 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
    1,161,065 and  1,158,331 for the six and three month periods ended  December
    31, 1999.  Weighted-average common shares deemed outstanding for purposes of
    computing diluted earnings per share totaled 1,195,797 and 1,180,709 for the
    six and three month  periods  ended  December 31, 1998.  Incremental  shares
    related to the assumed exercise of stock options included in the calculation
    of  diluted  earnings  per share  totaled  21,669 and 18,952 for the six and
    three month periods ended  December 31, 1999,  and 45,694 and 43,290 for the
    six and three month  periods  ended  December 31, 1998.  Options to purchase
    19,521  shares of common  stock with a  weighted-average  exercise  price of
    $10.72 were  outstanding  at December 31, 1999,  but were  excluded from the
    computation of diluted earnings per share for the three and six months ended
    December  31, 1999  because  their  exercise  prices were  greater  than the
    average market price of the common shares.



                                        8


<PAGE>


                        Community Investors Bancorp, Inc.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

          For the six and three months ended December 31, 1999 and 1998


    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.  SFAS No. 133 is not expected to
    have a material impact on the Corporation's financial statements.











                                        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 certain recent accounting pronouncements.


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

At December 31, 1999,  the  Corporation's  assets  totaled  $120.3  million,  an
increase of $4.1 million, or 3.5%, over the level reported at June 30, 1999. The
increase in assets was funded primarily through an increase in advances from the
Federal  Home Loan Bank of $3.3  million,  combined  with  growth in the deposit
portfolio.

Liquid assets (i.e. cash, interest-bearing deposits,  investment securities, and
mortgage-backed  securities available for sale) decreased by $255,000 during the
six  month  period,  to a total  of $22.4  million  at  December  31,  1999,  as
maturities of mortgage-backed securities of $1.7 million and a $120,000 decrease
in cash and cash  equivalents  were partially  offset by purchases of investment
securities  totaling  $1.5  million.  The purchases  include  government  agency
securities  and bear a weighted  average  interest rate of 8.25%.  The purchases
were  financed  using fixed rate  callable  advances  from the Federal Home Loan
Bank,   coupled  with  previously   mentioned   maturities  of   mortgage-backed
securities. Regulatory liquidity amounted to 12.33% at December 31, 1999.

Loans receivable totaled $94.1 million at December 31, 1999, an increase of $4.2
million,  or 4.6%,  over June 30,  1999.  Loan  disbursements  amounted to $17.0
million and were partially offset by principal  repayments of $12.7 million. The
volume of loan  disbursements  during the six months  ended  December  31,  1999
decreased by $7.8 million,  or 31.4%, from the same period in 1998 due to rising
interest  rates and less  refinancing  activity.  The  allowance for loan losses
totaled $515,000 at December 31, 1999, as compared to $591,000 at June 30, 1999.
Nonperforming  loans  totaled  $361,000 at  December  31,  1999,  as compared to
$912,000 at June 30, 1999. The allowance for loan losses  represented  142.7% of
nonperforming loans as of December 31, 1999 and 64.8% at June 30, 1999. Although
management  believes that its allowance for loan losses at December 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.




                                       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, 1999 to December 31,
1999 (continued)

Deposits totaled $80.2 million at December 31, 1999, an increase of $225,000, or
0.3%, over June 30, 1999 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  $28.6 million at December 31,
1999,  an increase of $3.3  million,  or 13.0%,  over June 30, 1999 levels.  The
increase  resulted  primarily from fixed-rate  advances used to fund loan growth
and the purchase of investment securities, as previously discussed.

Stockholder's  equity totaled $10.9 million at December 31, 1999, an increase of
$491,000,  or 4.7% over June 30, 1999 levels.  The increase  resulted  primarily
from net earnings of $475,000  coupled with  amortization of stock benefit plans
which were partially  offset by repurchases of 3,000 shares of treasury stock at
an aggregate  price of $25,000  coupled with  dividend  payments on common stock
totaling $158,000.

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


Comparison of Operating  Results for the Six Month  Periods  Ended  December 31,
1999 and 1998

General

The  Corporation's  net  earnings  totaled  $475,000  for the six  months  ended
December 31,  1999,  an increase of $35,000,  or 8.0%,  over the $440,000 of net
earnings reported for the same period in 1998. The increase in earnings resulted
primarily from a $25,000  increase in net interest income and a $33,000 increase
in other income,  which were partially  offset by a $19,000  increase in federal
income tax expense.

Net Interest Income

Net  interest  income  increased by $25,000,  or 1.5%,  for the six months ended
December  31,  1999,  compared  to the 1998  period.  Interest  income  on loans
increased by $87,000,  or 2.5%, due primarily to a $7.2 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 $21,000,
or  3.3%,  due  primarily  to an  increase  in  the  average  portfolio  balance
outstanding.

Interest expense on deposits  decreased by $61,000,  or 3.4%, due primarily to a
decline in the cost of deposits  year-to-year,  which was partially  offset by a
$2.7 million increase in the average balance of deposits  outstanding.  Interest
expense on borrowings  increased by $144,000,  or 24.2%, due primarily to a $4.4
million  increase  in the  weighted-average  balance of  Federal  Home Loan Bank
advances outstanding.


                                       11


<PAGE>


                        Community Investors Bancorp, Inc.

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


Comparison of Operating  Results for the Six Month  Periods  Ended  December 31,
1999 and 1998 (continued)


As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  increased by $25,000,  or 1.5%, to a total of $1.7 million
for the six months ended December 31, 1999. The interest rate spread amounted to
approximately  2.73% in the 1999 six month  period,  as compared to 3.07% during
the 1998 period,  while the net interest margin totaled  approximately  3.08% in
1999, as compared to 3.54% 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 $39,000  provision  for  losses on loans  during  the six month  period  ended
December 31, 1999, a decrease of $13,000 from the  comparable  1998 period.  The
current period  provision  reflects the growth in the loan portfolio  integrated
with an overall decrease in nonperforming loans, 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 $33,000,  or 25.6%, for the six months ended December
31,  1999,  compared  to the same  period in 1998,  due  primarily  to a $16,000
increase  in gain on sale of  repossessed  assets,  coupled  with an increase in
service fees on deposit accounts and transactions.

General, Administrative and Other Expense

General,  administrative and other expense increased by $17,000, or 1.6%, during
the six months ended  December  31,  1999,  compared to the same period in 1998.
This increase  resulted  primarily  from a $20,000,  or 20.0%,  increase in data
processing expense,  which was partially offset by a $14,000, or 17.7%, decrease
in franchise  tax  expense.  The increase in data  processing  expense  resulted
primarily from an increase in item processing  transaction levels,  coupled with
increased costs attendant computer system upgrades.

Federal Income Taxes

The provision for federal income taxes increased by $19,000, or 8.7%, during the
six months ended  December 31, 1999, as compared to the same period in 1998. Net
earnings before income taxes increased by $54,000,  or 8.2%, compared to the six
months ended December 31, 1998. The effective tax rates were 33.4% and 33.2% for
the six months ended December 31, 1999 and 1998, respectively.



                                       12


<PAGE>


                        Community Investors Bancorp, Inc.

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


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

General

The  Corporation's  net  earnings  totaled  $223,000  for the three months ended
December 31,  1999,  an increase of $16,000,  or 7.7%,  over the $207,000 of net
earnings reported for the same period in 1998. The increase in earnings resulted
primarily from a $15,000  increase in net interest income and a $20,000 increase
in other income,  which were partially  offset by an $8,000  increase in federal
income tax expense.

Net Interest Income

Net interest  income  increased by $15,000,  or 1.8%, for the three months ended
December  31,  1999,  compared  to the 1998  period.  Interest  income  on loans
increased by $69,000,  or 4.4%, due primarily to a $8.0 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 decreased by $25,000,
or  6.9%,  due  primarily  to  a  decrease  in  the  average  portfolio  balance
outstanding.

Interest expense on deposits  decreased by $26,000,  or 2.9%, due primarily to a
decline in the cost of deposits  year-to-year,  which was partially  offset by a
$2.5 million increase in the average balance of deposits  outstanding.  Interest
expense on borrowings  increased by $55,000,  or 16.2%,  due primarily to a $2.3
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  increased by $15,000,  or 1.8%, to a total of $838,000 for
the three months ended December 31, 1999.  The interest rate spread  amounted to
approximately  2.62% in the 1999 three month period, as compared to 2.60% during
the 1998 period,  while the net interest margin totaled  approximately  2.92% in
1999, as compared to 2.90% 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 $17,000  provision  for losses on loans  during the three month  period  ended
December  31, 1999, a decrease of $9,000 from the  comparable  1998 period.  The
current period  provision  reflects the growth in the loan portfolio  integrated
with an overall decrease in nonperforming loans, 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.


                                       13


<PAGE>


                        Community Investors Bancorp, Inc.

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


Comparison of Operating  Results for the Three Month Periods Ended  December 31,
1999 and 1998 (continued)

Other Income

Other income increased by $20,000, or 27.8%, for the three months ended December
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 $20,000, or 3.6%, during
the three months ended  December 31, 1999,  compared to the same period in 1998.
This increase  resulted  primarily  from a $12,000,  or 24.5%,  increase in data
processing expense,  which was partially offset by a $5,000, or 13.2%,  decrease
in franchise  tax  expense.  The increase in data  processing  expense  resulted
primarily from an increase in item processing  transaction levels,  coupled with
increased costs attendant computer system upgrades.

Federal Income Taxes

The provision for federal income taxes increased by $8,000,  or 7.7%, during the
three  months ended  December 31, 1999,  as compared to the same period in 1998.
Net earnings before income taxes increased by $24,000,  or 7.7%, compared to the
three months ended  December 31, 1998. The effective tax rate was 33.4% for each
of the three months ended December 31, 1999 and 1998.


Year 2000 Compliance Matters

As with all providers of financial  services,  the Association's  operations are
heavily  dependent  on  information  technology  systems.  During the three year
period  leading up to January 1, 2000, the  Association  addressed the potential
problems  associated  with the  possibility  that the computers  that control or
operate the information  technology system and  infrastructure may not have been
programmed to read four-digit date codes and, upon arrival of the year 2000, may
have  recognized  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 Association.








                                       14


<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 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 Association realized no technology-related  problems upon arrival of January
1, 2000, and had no interruption  of services to its customers.  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,  and to  date  has  not  realized,  any  significant  or  prolonged
difficulties that will affect net earnings or cash flow.











                                    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

           27:                         Financial Data Schedule for the six
                                       months ended December 31, 1999.











                                     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:                               By:  /s/John W. Kennedy
                                           John W. Kennedy
                                           President and Chief
                                           Executive Officer



Date:                               By:  /s/Robert W. Siegel
                                           Robert W. Siegel
                                           Assistant Vice President
                                           Controller and Treasurer











                                      17