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            September 30, 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 November 11, 1999, the latest  practicable  date,  1,218,684 shares of the
registrant's common stock, $.01 par value, were issued and outstanding.










                               Page 1 of 15 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                                          14

SIGNATURES                                                             15






























                                        2



<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                      September 30,            June 30,
         ASSETS                                                                                1999                1999
<S>                                                                                         <C>                     <C>
Cash and due from banks                                                                    $  1,880            $ 2,142
Federal funds sold                                                                              309                 724
Interest-bearing deposits in other financial institutions                                       592                 631
                                                                                            -------             -------
         Cash and cash equivalents                                                            2,781               3,497

Investment securities available for sale - at market                                          4,832               3,847
Investment securities held to maturity - at amortized cost, approximate market
  value of $3,655 and $3,647 as of  September 30, 1999 and June 30, 1999                      3,695               3,664
Mortgage-backed  securities available for sale - at market                                   10,714              11,670
Mortgage-backed securities held to maturity - at amortized cost, approximate market
  value of $859 and $872 as of September 30, 1999 and June 30, 1999                             870                 913
Loans receivable - net                                                                       92,873              89,922
Property acquired in settlement of loans                                                        173                  50
Office premises and equipment - at depreciated cost                                             716                 720
Federal Home Loan Bank stock - at cost                                                        1,388               1,363
Accrued interest receivable on loans                                                            117                  65
Accrued interest receivable on mortgage-backed securities                                        62                  69
Accrued interest receivable on investments and interest-bearing deposits                        186                  86
Prepaid expenses and other assets                                                               131                 127
Prepaid federal income taxes                                                                     50                  23
Deferred federal income taxes                                                                   144                 208
                                                                                            -------             -------

         Total assets                                                                      $118,732            $116,224
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 80,131            $ 79,954
Advances from the Federal Home Loan Bank                                                     27,273              25,291
Advances by borrowers for taxes and insurance                                                     3                   1
Accrued interest payable                                                                        359                 369
Other liabilities                                                                               238                 192
                                                                                            -------             -------
         Total liabilities                                                                  108,004             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                                                                  7,096               7,084
  Retained earnings, restricted                                                               8,543               8,370
  Shares acquired by stock benefit plans                                                       (590)               (610)
  Less 442,166 shares of treasury stock - at cost                                            (4,189)             (4,189)
  Unrealized losses on securities designated as available for sale, net of
    related tax effects                                                                        (149)               (255)
                                                                                            -------             -------
         Total stockholders' equity                                                          10,728              10,417
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $118,732            $116,224
                                                                                            =======             =======
</TABLE>




                                        3



<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                       CONSOLIDATED STATEMENTS OF EARNINGS

                 For the three month periods ended September 30,
                        (In thousands, except share data)


                                                                     1999                1998
<S>                                                                  <C>                  <C>
Interest income
  Loans                                                            $1,748              $1,730
  Mortgage-backed securities                                          168                  30
  Investment securities                                               149                 193
  Interest-bearing deposits and other                                   9                  57
                                                                    -----               -----

         Total interest income                                      2,074               2,010

Interest expense
  Deposits                                                            877                 912
  Borrowings                                                          344                 255
                                                                    -----               -----

         Total interest expense                                     1,221               1,167
                                                                    -----               -----

         Net interest income                                          853                 843

Provision for losses on loans                                          22                  26
                                                                    -----               -----

         Net interest income after provision
           for losses on loans                                        831                 817

Other income
  Gain on sale of other repossessed assets                              2                  -
  Other operating                                                      68                  57
                                                                    -----               -----

         Total other income                                            70                  57

General, administrative and other expense
  Employee compensation and benefits                                  269                 283
  Occupancy and equipment                                              34                  30
  Federal deposit insurance premiums                                   12                  11
  Franchise taxes                                                      32                  41
  Expenses of property acquired in settlement of loans                  8                   4
  Data processing                                                      59                  51
  Other operating                                                     109                 106
                                                                    -----               -----

         Total general, administrative and other expense              523                 526
                                                                    -----               -----

         Earnings before income taxes                                 378                 348

Federal income taxes
  Current                                                             166                  96
  Deferred                                                            (40)                 19
                                                                    -----               -----

         Total federal income taxes                                   126                 115
                                                                    -----               -----

         NET EARNINGS                                              $  252              $  233
                                                                    =====               =====

         EARNINGS PER SHARE
           Basic                                                     $.22                $.20
                                                                      ===                 ===

           Diluted                                                   $.22                $.19
                                                                      ===                 ===
</TABLE>

                                        4


<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                    For the three months ended September 30,
                                 (In thousands)


                                                                          1999              1998
<S>                                                                        <C>               <C>
Net earnings                                                             $ 252              $233

Other comprehensive income, net of tax:
  Unrealized holding gains on securities during the period                 106                 7
                                                                          ----               ---


Comprehensive income                                                     $ 358              $240
                                                                          ====               ===


Accumulated comprehensive losses                                         $(149)             $ (7)
                                                                          ====               ===

</TABLE>
































                                        5


<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                    For the three months ended September 30,
                                 (In thousands)


                                                                                  1999              1998
<S>                                                                               <C>                <C>
Cash flows from operating activities:
  Net earnings for the period                                                  $   252           $   233
  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                              12               (12)
    Amortization of deferred loan origination fees                                 (20)              (58)
    Depreciation and amortization                                                   14                11
    Provision for losses on loans                                                   22                26
    Amortization expense of stock benefit plans                                     32                -
    Gain on sale of property acquired in settlement of loans                        (2)               -
    Federal Home Loan Bank stock dividends                                         (25)              (17)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                         (52)              (43)
      Accrued interest receivable on mortgage-backed securities                      7               (56)
      Accrued interest receivable on investments and
        interest-bearing deposits                                                 (100)               91
      Prepaid expenses and other assets                                             (4)               35
      Accrued interest payable                                                     (10)               27
      Other liabilities                                                             46                64
      Federal income taxes
        Current                                                                     37                (6)
        Deferred                                                                   (40)               19
                                                                                ------            ------
         Net cash provided by operating activities                                 169               314

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                    1             1,828
  Purchase of investment securities designated as available for sale            (1,000)               -
  Purchase of mortgage-backed securities designated as available for sale           -            (10,178)
  Principal repayments on mortgage-backed securities                             1,129                90
  Loan principal repayments                                                     11,336            13,271
  Loan disbursements                                                           (14,491)          (14,783)
  Purchase of office premises and equipment                                        (11)              (44)
  Proceeds from sale of other repossessed assets                                    69                -
  Purchase of Federal Home Loan Bank stock                                          -               (452)
                                                                                ------            ------
         Net cash used in investing activities                                  (2,967)          (10,268)
                                                                                ------            ------

         Net cash used in operating and investing
           activities (subtotal carried forward)                                (2,798)           (9,954)
                                                                                ------            ------

</TABLE>




                                        6


<PAGE>

<TABLE>

                        Community Investors Bancorp, Inc.
<CAPTION>

                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

                    For the three months ended September 30,
                                 (In thousands)


                                                                                1999              1998
<S>                                                                             <C>                <C>
         Net cash used in operating and investing activities
           (subtotal brought forward)                                        $(2,798)          $(9,954)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                               177             1,520
  Proceeds from Federal Home Loan Bank advances                               13,000            12,000
  Repayment of Federal Home Loan Bank advances                               (11,018)           (2,020)
  Advances by borrowers for taxes and insurance                                    2                 3
  Purchase of treasury stock                                                      -               (334)
  Dividends on common stock                                                      (79)              (75)
                                                                              ------            ------
         Net cash provided by financing activities                             2,082            11,094
                                                                              ------            ------

Net increase (decrease) in cash and cash equivalents                            (716)            1,140

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

Cash and cash equivalents at end of period                                   $ 2,781           $ 3,933
                                                                              ======            ======


Supplemental  disclosure of cash flow  information:
  Cash paid during the period for:
    Federal income taxes                                                     $   142           $   101
                                                                              ======            ======

    Interest on deposits and borrowings                                      $ 1,131           $ 1,140
                                                                              ======            ======

Supplemental disclosure of noncash investing activities:
  Unrealized gains on securities designated as available for
    sale, net of related tax effects                                         $   106           $     7
                                                                              ======            ======


</TABLE>













                                        7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

             For the three months ended September 30, 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 three  month  period  ended
    September 30, 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  1,139,412 for the three month period ended  September 30,
     1999. Weighted-average common shares deemed outstanding, which gives effect
     to 92,709  unallocated ESOP shares,  totaled  1,162,785 for the three month
     period ended September 30, 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
     1,162,133 and  1,205,031  for the three month  periods ended  September 30,
     1999 and 1998,  respectively.  Incremental  shares  related to the  assumed
     exercise of stock options  included in the calculation of diluted  earnings
     per share  totaled  22,721  and 42,246 for the three  month  periods  ended
     September  30,  1999 and 1998,  respectively.  Options to  purchase  19,521
     shares of common  stock with a  weighted-average  exercise  price of $10.72
     were  outstanding  at  September  30,  1999,  but  were  excluded  from the
     computation  of diluted  earnings per share 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 three months ended September 30, 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, 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, 1999 to September 30,
1999

At September 30, 1999,  the  Corporation's  assets totaled  $118.7  million,  an
increase of $2.5 million, or 2.2%, 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 $2.0  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 $656,000 during the
three month  period,  to a total of $22.0  million at  September  30,  1999,  as
maturities of mortgage-backed securities of $1.1 million and a $716,000 decrease
in cash and cash  equivalents  were partially  offset by purchases of investment
securities  totaling  $1.0  million.  The purchases  include  government  agency
securities  and bear a weighted  average  interest rate of 8.25%.  The purchases
were  financed  using  variable-rate  advances  from the Federal Home Loan Bank,
coupled with  previously  mentioned  maturities of  mortgage-backed  securities.
Regulatory liquidity amounted to 10.8% at September 30, 1999.

Loans  receivable  totaled  $92.9  million at September 30, 1999, an increase of
$3.0 million, or 3.3%, over June 30, 1999. Loan disbursements  amounted to $14.5
million and were partially offset by principal  repayments of $11.3 million. The
volume of loan  disbursements  during the three months ended  September 30, 1999
remained  consistent  with the volume  achieved  during the three  months  ended
September 30, 1998. The allowance for loan losses totaled  $582,000 at September
30, 1999, as compared to $591,000 at June 30, 1999.  Nonperforming loans totaled
$765,000 at September  30, 1999,  as compared to $912,000 at June 30, 1999.  The
allowance  for  loan  losses  represented  76.1%  of  nonperforming  loans as of
September 30, 1999 and 64.8% at June 30, 1999. Although management believes that
its allowance for loan losses at September 30, 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 September 30,
1999 (continued)

Deposits  totaled  $80.1 million at September 30, 1999, an increase of $177,000,
or .2%, 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 $27.3 million at September 30,
1999,  an increase of $2.0  million,  or 7.8%,  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.

The Association is required to meet minimum capital standards promulgated by the
Office of Thrift  Supervision  (OTS).  At September 30, 1999, the  Association's
capital was well in excess of such minimum capital requirements.


Comparison of Operating  Results for the Three Month Periods Ended September 30,
1999 and 1998

General

The  Corporation's  net  earnings  totaled  $252,000  for the three months ended
September  30, 1999, an increase of $19,000,  or 8.2%,  over the $233,000 of net
earnings reported for the same period in 1998. The increase in earnings resulted
primarily from a $10,000  increase in net interest income and a $13,000 increase
in other income,  which were partially  offset by an $11,000 increase in federal
income tax expense.

Net Interest Income

Net interest  income  increased by $10,000,  or 1.2%, for the three months ended
September  30,  1999,  compared  to the 1998  period.  Interest  income on loans
increased by $18,000,  or 1.0%, due primarily to a $7.7 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 $46,000,
or  16.4%,  due  primarily  to an  increase  in the  average  portfolio  balance
outstanding.

Interest expense on deposits  decreased by $35,000,  or 3.8%, due primarily to a
decline in the cost of deposits  year-to-year,  which was partially  offset by a
$3.0 million increase in the average balance of deposits  outstanding.  Interest
expense on borrowings  increased by $89,000,  or 34.9%,  due primarily to a $6.7
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 $10,000,  or 1.2%, to a total of $853,000 for
the three months ended  September 30, 1999. The interest rate spread amounted to
approximately  2.57% in the 1999 three month period, as compared to 2.83% during
the 1998 period,  while the net interest margin totaled  approximately  2.96% in
1999, as compared to 3.22% in 1998.


                                       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 Three Month Periods Ended September 30,
1999 and 1998 (continued)

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 $22,000  provision  for losses on loans  during the three month  period  ended
September 30, 1999, a decrease of $4,000 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  $13,000,  or  22.8%,  for the three  months  ended
September  30, 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  decreased by $3,000, or .6%, during
the three months ended September 30, 1999,  compared to the same period in 1998.
This decrease resulted primarily from a $14,000,  or 4.9%,  decrease in employee
compensation and benefits,  which was partially  offset by an $8,000,  or 15.7%,
increase in data processing  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 $11,000, or 9.6%, during the
three months ended  September  30, 1999, as compared to the same period in 1998.
Net earnings before income taxes increased by $30,000,  or 8.6%, compared to the
three months ended  September  30, 1998.  The effective tax rates were 33.3% and
33.0% for the three months ended September 30, 1999 and 1998, respectively.








                                       12


<PAGE>


                        Community Investors Bancorp, Inc.

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


Year 2000 Compliance Matters

As with all providers of financial  services,  the Association's  operations are
heavily  dependent  on  information  technology  systems.  The  Association  has
addressed  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 Association.

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.  The  plan,  therefore,  primarily  addresses  action  to deal  with the
possibility that the service  provider's  system may be down for several days or
weeks upon arrival of Year 2000. The  Association has the ability to conduct and
process  transactions  manually for a period of time until the service  bureau's
systems would be available.

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 September  30, 1999,  the
Association  has expensed  approximately  $4,000 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.

                                       13


<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

          On  October  25,  1999,  the  Annual  Meeting  of  the   Corporation's
          Stockholders  was held. Three directors were elected to terms expiring
          in two years by the following votes.

          Dale C. Hoyles                For:  883,236       Withhold:  119,567

          Brent D. Fissel, D.D.S.       For:  878,661       Withhold:  124,142

          Michael J. Romanoff           For:  871,461       Withhold:  131,342

          One other  matter was  submitted  to the  stockholders,  for which the
          following votes were cast:

          Ratification  of the  appointment of Grant Thornton LLP as independent
          auditors of the Corporation for the fiscal year ended June 30, 2000.

          For:  984,916             Against: 17,325              Abstain: 562


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 three
                                         months ended September 30, 1999.



                                       14


<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:    November 12, 1999               By:  /s/John W. Kennedy
     ---------------------------              -------------------------------
                                              John W. Kennedy
                                              President and Chief
                                              Executive Officer



Date:    November 12, 1999               By:  /s/Robert W. Siegel
     ---------------------------              -------------------------------
                                              Robert W. Siegel
                                              Assistant Vice President
                                              and Controller































                                       15