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


                                   FORM 10-QSB

(Mark One)

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

For the quarterly period ended         March 31, 2000
                                ---------------------------------

                                       OR

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____________ to _______________

Commission File Number:             33-84132
                         ---------------------------

                        COMMUNITY INVESTORS BANCORP, INC.
------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

               Ohio                                         34-1779309
-------------------------------                 -----------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

                 119 South Sandusky Avenue, Bucyrus, Ohio 44820
------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (419) 562-7055
------------------------------------------------------------------------------
                           (Issuer's telephone number)

------------------------------------------------------------------------------
(Former  name,  former  address and former  fiscal year,  if changed  since last
report)

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer filed all documents and reports required to be filed by
Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
under a plan confirmed by a court.

Yes [    ]                 No  [    ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practicable  date:  May 12, 2000 -  1,195,988  common
shares

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



                               Page 1 of 17 pages

<PAGE>



                                      INDEX

                                                                        Page

PART I   - FINANCIAL INFORMATION

           Consolidated Statements of Financial Condition                 3

           Consolidated Statements of Operations                          4

           Consolidated Statements of Comprehensive Income                5

           Consolidated Statements of Cash Flows                          6

           Notes to Consolidated Financial Statements                     8

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


PART II  -  OTHER INFORMATION                                            16

SIGNATURES                                                               17






























                                        2



<PAGE>


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

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                          March 31,            June 30,
         ASSETS                                                                                2000                1999
<S>                                                                                            <C>                 <C>
Cash and due from banks                                                                    $  2,516            $  2,142
Federal funds sold                                                                              355                 724
Interest-bearing deposits in other financial institutions                                        22                 631
                                                                                            -------             -------
         Cash and cash equivalents                                                            2,893               3,497

Investment securities available for sale - at market                                          5,765               3,847
Investment securities held to maturity - at amortized cost, approximate market
  value of $3,493 and $3,647 as of  March 31, 2000 and June 30, 1999                          3,579               3,664
Mortgage-backed  securities available for sale - at market                                    9,775              11,670
Mortgage-backed securities held to maturity - at amortized cost, approximate market
  value of $826 and $872 as of March 31, 2000 and June 30, 1999                                 809                 913
Loans receivable - net                                                                       93,638              89,922
Property acquired in settlement of loans                                                         68                  50
Office premises and equipment - at depreciated cost                                             705                 720
Federal Home Loan Bank stock - at cost                                                        1,480               1,363
Accrued interest receivable on loans                                                            131                  65
Accrued interest receivable on mortgage-backed securities                                        57                  69
Accrued interest receivable on investments and interest-bearing deposits                        180                  86
Prepaid expenses and other assets                                                               123                 127
Prepaid federal income taxes                                                                    194                  23
Deferred federal income taxes                                                                   257                 208
                                                                                            -------             -------

         Total assets                                                                      $119,654            $116,224
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 81,377            $ 79,954
Advances from the Federal Home Loan Bank                                                     27,004              25,291
Advances by borrowers for taxes and insurance                                                     1                   1
Accrued interest payable                                                                        371                 369
Other liabilities                                                                               120                 192
                                                                                            -------             -------
         Total liabilities                                                                  108,873             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                                                                  7,191               7,084
  Retained earnings, restricted                                                               8,579               8,370
  Shares acquired by stock benefit plans                                                       (461)               (610)
  Less 461,562 and 442,166 shares of treasury stock - at cost                                (4,354)             (4,189)
  Accumulated other comprehensive (losses) - unrealized losses on securities
    designated as available for sale, net of related tax effects                               (191)               (255)
                                                                                            -------             -------
         Total stockholders' equity                                                          10,781              10,417
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $119,654            $116,224
                                                                                            =======             =======
</TABLE>




                                        3



<PAGE>


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

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

                                                                        Nine months ended             Three months ended
                                                                              March 31,                    March 31,
                                                                         2000         1999            2000         1999
<S>                                                                       <C>          <C>             <C>         <C>
Interest income
  Loans                                                                $5,301       $5,143          $1,778       $1,707
  Mortgage-backed securities                                              490          421             160          193
  Investment securities                                                   486          421             175          112
  Interest-bearing deposits and other                                      33          128               9           21
                                                                        -----        -----           -----        -----
         Total interest income                                          6,310        6,113           2,122        2,033

Interest expense
  Deposits                                                              2,618        2,683             860          864
  Borrowings                                                            1,161          926             422          331
                                                                        -----        -----           -----        -----
         Total interest expense                                         3,779        3,609           1,282        1,195
                                                                        -----        -----           -----        -----

         Net interest income                                            2,531        2,504             840          838

Provision for losses on loans                                              68           73              29           21
                                                                        -----        -----           -----        -----

         Net interest income after provision
           for losses on loans                                          2,463        2,431             811          817

Other income (expense)
  Gain on sale of investment securities                                    -             6              -            -
  Loss on disposition of mobile home loan portfolio                      (374)          -             (374)
  Gain (loss) on sale of other repossessed assets                           8           (2)             (6)          -
  Other operating                                                         215          183              67           58
                                                                        -----        -----           -----        -----
         Total other income (expense)                                    (151)         187            (313)          58

General, administrative and other expense
  Employee compensation and benefits                                      852          852             289          282
  Occupancy and equipment                                                 105          102              38           38
  Federal deposit insurance premiums                                       28           35               4           12
  Franchise taxes                                                          93          113              28           34
  Expenses of property acquired in settlement of loans                     39           22              13            8
  Data processing                                                         183          159              63           59
  Other operating                                                         344          338             108          104
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                1,644        1,621             543          537
                                                                        -----        -----           -----        -----

         Earnings (loss) before income taxes (credits)                    668          997             (45)         338

Federal income taxes (credits)
  Current                                                                 157          363             (27)         107
  Deferred                                                                 70          (29)             16            8
                                                                        -----        -----           -----        -----
         Total federal income taxes (credits)                             227          334             (11)         115
                                                                        -----        -----           -----        -----

         NET EARNINGS (LOSS)                                           $  441       $  663          $  (34)      $  223
                                                                        =====        =====           =====        =====

         EARNINGS (LOSS) PER SHARE
           Basic                                                         $.39         $.58           $(.03)        $.20
                                                                          ===          ===             ===          ===

           Diluted                                                       $.38         $.57           $(.03)        $.19
                                                                          ===          ===             ===          ===
</TABLE>


                                        4


<PAGE>


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

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                 (In thousands)


                                                                           Nine months ended          Three months ended
                                                                               March 31,                   March 31,
                                                                         2000         1999            2000         1999
<S>                                                                       <C>          <C>             <C>          <C>
Net earnings                                                            $ 441         $663           $ (34)        $223

Other comprehensive income, net of tax:
  Unrealized holding gains (losses) on securities during the period,
   net of tax $33, $(28), $(12) and $21 for the respective periods.        64          (54)            (24)          41

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


Comprehensive income                                                    $ 505         $605           $(191)        $264
                                                                         ====          ===            ====          ===


Accumulated comprehensive losses                                        $(191)        $(72)          $(191)        $(72)
                                                                         ====          ===            ====          ===
</TABLE>




























                                        5


<PAGE>


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

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

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


                                                                                                 2000              1999
<S>                                                                                             <C>                 <C>
Cash flows from operating activities:
  Net earnings for the period                                                                 $   441           $   663
  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                26
    Amortization of deferred loan origination fees                                                (49)              (69)
    Depreciation and amortization                                                                  44                35
    Provision for losses on loans                                                                  68                73
    Amortization expense of stock benefit plans                                                   385               329
    Loss on disposition of the mobile home loan portfolio                                         374                -
    Proceeds from disposition of mobile home portfolio                                            835                -
    Loss on sale of other repossessed assets                                                       34                 2
    Federal Home Loan Bank stock dividends                                                        (75)              (63)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                        (66)               16
      Accrued interest receivable on mortgage-backed securities                                    12               (63)
      Accrued interest receivable on investments and
        interest-bearing deposits                                                                 (94)              124
      Prepaid expenses and other assets                                                             4                (5)
      Accrued interest payable                                                                      2                46
      Other liabilities                                                                           (72)             (126)
      Federal income taxes
        Current                                                                                  (220)             (125)
        Deferred                                                                                   70               (29)
                                                                                               ------            ------
         Net cash provided by operating activities                                              1,679               834

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                                   5             5,583
  Proceeds from sale of securities designated as available for sale                                -              4,996
  Purchase of investment securities designated as available for sale                           (2,000)           (2,949)
  Purchase of investment securities designated as held to maturity                                 -               (930)
  Purchase of mortgage-backed securities designated as available for sale                          -            (16,252)
  Principal repayments on mortgage-backed securities                                            2,116             3,308
  Loan principal repayments                                                                    13,611            22,975
  Loan disbursements                                                                          (18,953)          (27,364)
  Purchase of office premises and equipment                                                       (29)             (166)
  Proceeds from sale of other repossessed assets                                                  270               154
  Purchase of Federal Home Loan Bank stock                                                        (42)             (452)
                                                                                               ------            ------
         Net cash used in investing activities                                                 (5,022)          (11,097)
                                                                                               ------            ------

         Net cash used in operating and investing
           activities (subtotal carried forward)                                               (3,343)          (10,263)
                                                                                               ------            ------

</TABLE>


                                        6


<PAGE>


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

                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

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


                                                                                                 2000              1999
<S>                                                                                             <C>                <C>
         Net cash used in operating and investing
           activities (subtotal brought forward)                                              $(3,343)         $(10,263)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                              1,423             2,914
  Proceeds from Federal Home Loan Bank advances                                                42,128            12,000
  Repayment of Federal Home Loan Bank advances                                                (40,415)           (2,183)
  Advances by borrowers for taxes and insurance                                                    -                  4
  Purchase of treasury stock                                                                     (165)             (643)
  Dividends on common stock                                                                      (232)             (221)
                                                                                               ------           -------
         Net cash provided by financing activities                                              2,739            11,871
                                                                                               ------           -------

Net increase (decrease) in cash and cash equivalents                                             (604)            1,608

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

Cash and cash equivalents at end of period                                                    $ 2,893          $  4,401
                                                                                               ======           =======


Supplemental  disclosure of cash flow  information:
  Cash paid during the period for:
    Federal income taxes                                                                      $   479          $    487
                                                                                               ======           =======

    Interest on deposits and borrowings                                                       $ 3,777          $  3,563
                                                                                               ======           =======

Supplemental disclosure of noncash investing activities:
  Transfers from loans to other repossessed assets                                            $   339          $    154
                                                                                               ======           =======

  Unrealized gains (losses) on securities designated as available
    for sale, net of related tax effects                                                      $    64          $    (58)
                                                                                               ======           =======

</TABLE>












                                        7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

           For the nine and three months ended March 31, 2000 and 1999


    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 nine and three month  periods
    ended March 31, 2000 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 65,836  unallocated ESOP shares,
    totaled  1,139,371  and 1,139,320 for the nine and three month periods ended
    March 31, 2000.  Weighted-average  common shares deemed  outstanding,  which
    gives  effect to 79,292  unallocated  ESOP  shares,  totaled  1,146,414  and
    1,138,872 for the nine and three month periods ended March 31, 1999.

    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
    1,159,457 and 1,156,026 for the nine and three month periods ended March 31,
    2000.  Weighted-average  common  shares deemed  outstanding  for purposes of
    computing diluted earnings per share totaled 1,163,715 and 1,156,173 for the
    nine and three  month  periods  ended  March 31,  1999.  Incremental  shares
    related to the assumed exercise of stock options included in the calculation
    of diluted  earnings  per share  totaled  20,086 and 16,706 for the nine and
    three month periods  ended March 31, 2000,  and 17,301 for both the nine and
    three month periods ended March 31, 1999.  Options to purchase 19,521 shares
    of common  stock  with a  weighted-average  exercise  price of  $10.72  were
    outstanding  at March 31, 2000,  but were excluded from the  computation  of
    diluted  earnings  per share for the three and nine  months  ended March 31,
    2000 because  their  exercise  prices were  greater than the average  market
    price of the common shares.



                                        8


<PAGE>


                        Community Investors Bancorp, Inc.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

           For the nine and three months ended March 31, 2000 and 1999


    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 March 31, 2000

At March 31, 2000, the Corporation's  assets totaled $119.7 million, an increase
of $3.4 million, or 3.0%, 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 $1.7 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 $666,000 during the
nine month period,  to a total of $22.0 million at March 31, 2000, as maturities
of  mortgage-backed  securities of $2.1 million and a $604,000  decrease in cash
and cash equivalents were partially offset by purchases of investment securities
totaling $2.0 million.  The purchases  include  government agency securities and
bear a weighted  average interest rate of 8.31% and were financed using advances
from the Federal Home Loan Bank, coupled with previously mentioned maturities of
mortgage-backed securities. Regulatory liquidity amounted to 11.87% at March 31,
2000.

Loans  receivable  totaled  $93.6 million at March 31, 2000, an increase of $3.7
million,  or 4.1%,  over June 30, 1999 levels.  Loan  disbursements  amounted to
$19.0  million  and were  partially  offset  by  principal  repayments  of $14.0
million. The volume of loan disbursements during the nine months ended March 31,
2000  decreased by $8.4 million,  or 30.7%,  from the same period in 1999 due to
rising  interest  rates and less  refinancing  activity.  The allowance for loan
losses  totaled  $474,000 at March 31, 2000, as compared to $591,000 at June 30,
1999.  Nonperforming  loans  totaled  $591,000 at March 31, 2000, as compared to
$912,000 at June 30, 1999.  The allowance for loan losses  represented  80.2% of
nonperforming  loans as of March 31, 2000 and 64.8% at June 30,  1999.  Although
management  believes  that its  allowance  for loan losses at March 31, 2000, 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 March 31, 2000
(continued)

Deposits  totaled  $81.4 million at March 31, 2000, an increase of $1.4 million,
or 1.8%, 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  $27.0  million at March 31,
2000,  an increase of $1.7  million,  or 6.8%,  over June 30, 1999  levels.  The
increase resulted primarily from variable-rate advances used to fund loan growth
and the purchase of investment securities, as previously discussed.

Stockholder's  equity  totaled  $10.8  million at March 31, 2000, an increase of
$364,000,  or 3.5% over June 30, 1999 levels.  The increase  resulted  primarily
from net earnings of $441,000 coupled with  amortization of stock benefit plans,
which were partially offset by repurchases of 19,396 shares of treasury stock at
an aggregate  price of $165,000  coupled with dividend  payments on common stock
totaling $232,000.

The Association is required to meet minimum capital standards promulgated by the
Office of Thrift Supervision (OTS). At March 31, 2000, the Association's capital
was well in excess of such minimum capital requirements.


Comparison of Operating  Results for the Nine Month Periods Ended March 31, 2000
and 1999

General

The  Corporation's net earnings totaled $441,000 for the nine months ended March
31, 2000, a decrease of  $222,000,  or 33.5%,  from the $663,000 of net earnings
reported  for the same  period  in  1999.  The  decrease  in  earnings  resulted
primarily  from a  $374,000  loss on the  disposition  of the  mobile  home loan
portfolio  recorded  during the period ended March 31,  2000.  Exclusive of this
loss, the Corporation would have realized net earnings for the current period of
$688,000, or $0.60 per basic share.

Net Interest Income

Net interest  income  increased by $27,000,  or 1.1%,  for the nine months ended
March 31, 2000, compared to the 1999 period.  Interest income on loans increased
by $158,000,  or 3.1%,  due primarily to a $5.8 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 $39,000,  or 4.0%, due
primarily to an increase in the average portfolio balance outstanding.

Interest expense on deposits decreased by $65,000,  or 2.4%, as the $2.7 million
increase  in the  average  balance  of  deposits  outstanding  was offset by the
decline in the cost of deposits  year-to-year.  Interest  expense on  borrowings
increased by $235,000, or 25.4%, due primarily to a $3.9 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 Nine Month Periods Ended March 31, 2000
and 1999 (continued)

As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  increased by $27,000,  or 1.1%, to a total of $2.5 million
for the nine months ended March 31, 2000.  The interest rate spread  amounted to
approximately 2.63% for both the fiscal 2000 and fiscal 1999 nine month periods,
while the net interest margin totaled  approximately  2.93% in 2000, as compared
to 3.02% in 1999.

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 $68,000 provision for losses on loans during the nine month period ended March
31, 2000,  a decrease of $5,000 from the  comparable  1999  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  decreased  by $338,000  for the nine months ended March 31, 2000,
compared to the same period in 1999,  due  primarily  to a $374,000  loss on the
disposition of the mobile home loan  portfolio.  The sale of the  aforementioned
assets resulted as management elected to dispose of the lower yielding portfolio
and re-deploy these funds into higher quality, higher yielding assets. Exclusive
of this loss,  the  Corporation's  other income would have increased by $36,000,
primarily due to increased service fees on deposit accounts and transactions.

General, Administrative and Other Expense

General,  administrative and other expense increased by $23,000, or 1.4%, during
the nine months ended March 31, 2000,  compared to the same period in 1999. This
increase  resulted  primarily  from  a  $24,000,  or  15.1%,  increase  in  data
processing expense,  which was partially offset by a $20,000, 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 to computer system upgrades.

Federal Income Taxes

The provision for federal income taxes decreased by $107,000,  or 32.0%,  during
the nine months  ended March 31,  2000,  as compared to the same period in 1999.
Net earnings  before income taxes decreased by $329,000,  or 33.0%,  compared to
the nine months ended March 31, 1999,  primarily  due to a $374,000  loss on the
disposition  of the mobile home loan  portfolio.  The  effective  tax rates were
34.0% and 33.5% for the nine months ended March 31, 2000 and 1999, 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 March 31, 2000
and 1999

General

The  Corporation's net loss totaled $34,000 for the three months ended March 31,
2000, a decrease of $257,000, from the $223,000 of net earnings reported for the
same period in 1999. The decrease in earnings resulted primarily from a $374,000
loss on the  disposition  of the mobile home loan  portfolio.  Exclusive of this
loss, the Corporation would have realized net earnings of $213,000, or $0.19 per
basic share for the three months ended March 31, 2000.

Net Interest Income

Net interest  income  increased by $2,000,  or 0.2%,  for the three months ended
March 31, 2000, compared to the 1999 period.  Interest income on loans increased
by $71,000, or 4.2%, due primarily to a $6.1 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 $18,000,  or 5.5%, as a
$709,000 decrease in the average  portfolio balance  outstanding was offset by a
increase in the average yield.

Interest  expense on deposits  decreased by $4,000,  or 0.5%, due primarily to a
decline in the cost of deposits  year-to-year,  which was partially  offset by a
$2.4 million increase in the average balance of deposits  outstanding.  Interest
expense on borrowings  increased by $91,000,  or 27.5%,  due primarily to a $2.6
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 $2,000, or 0.2%, to a total of $840,000 for the
three  months  ended  March 31,  2000.  The  interest  rate  spread  amounted to
approximately  2.54% in the 2000 three month period, as compared to 2.61% during
the 1999 period,  while the net interest margin totaled  approximately  2.88% in
2000, as compared to 2.98% in 1999.

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 $29,000  provision  for losses on loans  during the three month  period  ended
March 31,  2000,  an increase of $8,000 from the  comparable  1999  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 March 31, 2000
and 1999 (continued)

Other Income

Other  income  decreased  by $371,000 for the three months ended March 31, 2000,
compared to the same period in 1999,  due  primarily  to a $374,000  loss on the
disposition of the mobile home loan  portfolio.  The sale of the  aforementioned
assets resulted as management elected to dispose of the lower yielding portfolio
and  re-deploy  these  funds into higher  quality,  higher  yielding  productive
assets.  Exclusive  of this loss,  the  Corporation's  other  income  would have
increased by $3,000, primarily due to increased service fees on deposit accounts
and transactions.


General, Administrative and Other Expense

General,  administrative  and other expense increased by $6,000, or 1.1%, during
the three months ended March 31, 2000, compared to the same period in 1999. This
increase resulted primarily from a $4,000, or 6.8%,  increase in data processing
expense, which was partially offset by a $6,000, or 17.6%, 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  decreased by $126,000,  during the three
months  ended  March 31,  2000,  as  compared  to the same  period in 1999.  Net
earnings before income taxes decreased by $383,000, compared to the three months
ended March 31, 1999, primarily due to a $374,000 loss on the disposition of the
mobile home loan portfolio. The effective tax rates were 24.4% and 34.0% for the
three months ended March 31, 2000 and 1999, respectively.

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 nine
                                           months ended March 31, 2000.
















                                       16


<PAGE>



                        Community Investors Bancorp, Inc.

                                   SIGNATURES


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





Date:  May 12, 2000                     By:  /s/John W. Kennedy
     -------------------------               ------------------
                                               John W. Kennedy
                                               President and Chief
                                               Executive Officer



Date:  May 12, 2000                     By:  /s/Robert W. Siegel
     -------------------------               -------------------
                                               Robert W. Siegel
                                               Assistant Vice President
                                               Controller and Treasurer































                                       17