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        September 30, 2004
                                      ------------------

                                     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 CORPORATE ISSUERS

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months or such
shorter period that the issuer was required to file such reports and (2)
has been subject to such filing requirements for the past 90 days:
Yes   [X]            No   [ ]

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:
                 November 12, 2004 - 1,074,211 common shares
---------------------------------------------------------------------------

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


<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

            Controls and Procedures                                      14

PART II  -  OTHER INFORMATION                                            15

SIGNATURES                                                               16


<PAGE>  2


                      Community Investors Bancorp, Inc.

               CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                      (In thousands, except share data)

<TABLE>
<CAPTION>

                                                             September 30,     June 30,
                                                                      2004         2004


                                                               <c>          <c>
      ASSETS
Cash and due from banks                                           $  1,411     $  2,373
Interest-bearing deposits in other financial institutions            2,812        4,347
                                                                  --------     --------
      Cash and cash equivalents                                      4,223        6,720

Investment securities available for sale - at market                12,872       12,749
Investment securities held to maturity - at amortized
 cost, approximate market value of $155 and $176 as of
 September 30, 2004 and June 30, 2004, respectively                    155          179
Mortgage-backed securities available for sale - at market              720          884
Mortgage-backed securities held to maturity - at
 amortized cost, approximate market value of $218 and
 $252 as of September 30, 2004 and June 30, 2004,
 respectively                                                          216          249
Loans receivable - net                                              98,934       95,862
Office premises and equipment - at depreciated cost                  2,331        2,368
Federal Home Loan Bank stock - at cost                               1,877        1,857
Accrued interest receivable on loans                                   472          405
Accrued interest receivable on mortgage-backed securities                1            6
Accrued interest receivable on investments and
 interest-bearing deposits                                             120           80
Prepaid expenses and other assets                                      431          362
Prepaid federal income taxes                                            22          133
                                                                  --------     --------

      Total assets                                                $122,374     $121,854
                                                                  ========     ========

      LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                          $ 81,962     $ 87,203
Advances from the Federal Home Loan Bank                            26,558       21,062
Advances by borrowers for taxes and insurance                          120           49
Accrued interest payable                                               167          158
Other liabilities                                                       28           20
Deferred federal income taxes                                          176          130
                                                                  --------     --------
      Total liabilities                                            109,011      108,622

Commitments                                                              -            -

Stockholders' equity
  Preferred stock, 1,000,000 shares of no
   par value authorized, no shares issued                                -            -
  Common stock, 4,000,000 shares authorized, $.01 par
   value; 1,660,850 shares issued                                       17           17
  Additional paid-in capital                                         7,329        7,342
  Retained earnings, restricted                                     11,746       11,630
  Shares acquired by stock benefit plans                               (15)         (15)
  Less 581,639 and 580,712 shares of treasury stock
   at September 30, 2004 and June 30, 2004,
   respectively - at cost                                           (5,720)      (5,662)
  Accumulated other comprehensive income (loss) - unrealized
   gains (losses) on securities designated as available for
   sale, net of related tax effects                                      6          (80)
                                                                  --------     --------
      Total stockholders' equity                                    13,363       13,232
                                                                  --------     --------

      Total liabilities and stockholders' equity                  $122,374     $121,854
                                                                  ========     ========
</TABLE>


<PAGE>  3


                      Community Investors Bancorp, Inc.

                     CONSOLIDATED STATEMENTS OF EARNINGS

        For the three month periods ended September 30, 2004 and 2003
                      (In thousands, except share data)

<TABLE>
<CAPTION>

                                                           2004      2003


                                                      <c>       <c>
Interest income
  Loans                                                  $1,431    $1,483
  Mortgage-backed securities                                  2        20
  Investment securities                                     132        93
  Interest-bearing deposits and other                         5        23
                                                         ------    ------
      Total interest income                               1,570     1,619

Interest expense
  Deposits                                                  261       375
  Borrowings                                                339       331
                                                         ------    ------

      Total interest expense                                600       706
                                                         ------    ------

      Net interest income                                   970       913

Provision for losses on loans                                38        22
                                                         ------    ------

      Net interest income after provision
       for losses on loans                                  932       891

Other income
  Gain on sale of loans                                      20        26
  Other operating                                           110       119
                                                         ------    ------

      Total other income                                    130       145

General, administrative and other expense
  Employee compensation and benefits                        320       361
  Occupancy and equipment                                    70        58
  Franchise taxes                                            41        39
  Data and item processing                                  108        87
  Other operating                                           198       132
                                                         ------    ------

      Total general, administrative and other expense       737       677
                                                         ------    ------

      Earnings before income taxes                          325       359

Federal income taxes
  Current                                                   109       118
  Deferred                                                    2         4
                                                         ------    ------

      Total federal income taxes                            111       122
                                                         ------    ------

      NET EARNINGS                                       $  214    $  237
                                                         ======    ======

      EARNINGS PER SHARE
        Basic                                            $  .20    $  .23
                                                         ======    ======

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


<PAGE>  4


                      Community Investors Bancorp, Inc.

               CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

           For the three months ended September 30, 2004 and 2003
                               (In thousands)

<TABLE>
<CAPTION>

                                                            2004    2003


                                                         <c>     <c>
Net earnings                                                $214    $237

Other comprehensive income, net of tax:
  Unrealized holding gains (losses) on securities during
   the period, net of taxes (benefits) of $44 and $(13)
   in 2004 and 2003, respectively                             86     (25)
                                                            ----    ----

Comprehensive income                                        $300    $212
                                                            ====    ====

Accumulated comprehensive income                            $  6    $ 42
                                                            ====    ====
</TABLE>


<PAGE>  5


                      Community Investors Bancorp, Inc.

                    CONSOLIDATED STATEMENTS OF CASH FLOWS

           For the three months ended September 30, 2004 and 2003
                               (In thousands)

<TABLE>
<CAPTION>

                                                                           2004        2003


                                                                     <c>         <c>
Cash flows from operating activities:
  Net earnings for the period                                           $   214     $   237
  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                         7           5
    Amortization of deferred loan origination fees                          (13)        (27)
    Depreciation and amortization                                            37          27
    Provision for losses on loans                                            38          22
    Gain on sale of loans                                                   (20)        (26)
    Origination of loans for sale in the secondary market                  (580)       (589)
    Proceeds from sale of loans                                             584         924
    Federal Home Loan Bank stock dividends                                  (20)        (18)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                  (68)        (36)
      Accrued interest receivable on mortgage-backed securities               6           1
      Accrued interest receivable on investments and
       interest-bearing deposits                                            (40)          -
      Prepaid expenses and other assets                                     (79)          3
      Accrued interest payable                                                9          (4)
      Other liabilities                                                       8          84
      Federal income taxes
        Current                                                             109         (62)
        Deferred                                                              2           3
                                                                        -------     -------
          Net cash provided by operating activities                         194         544

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                            24       1,001
  Purchase of investment securities designated as available for sale          -      (3,000)
  Principal repayments on mortgage-backed securities                        199         318
  Loan principal repayments                                               4,869       8,698
  Loan disbursements                                                     (7,950)     (9,359)
  Purchase of office premises and equipment                                   -        (379)
                                                                        -------     -------
          Net cash used in investing activities                          (2,858)     (2,721)
                                                                        -------     -------

          Net cash used in operating and investing
           activities (subtotal carried forward)                         (2,664)     (2,177)
                                                                        -------     -------
</TABLE>


<PAGE>  6


                      Community Investors Bancorp, Inc.

              CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

           For the three months ended September 30, 2004 and 2003
                               (In thousands)

<TABLE>
<CAPTION>

                                                                           2004         2003


                                                                     <c>         <c>
          Net cash used in operating and investing
           activities (subtotal brought forward)                        $(2,664)    $(2,177)

Cash flows provided by (used in) financing activities:
  Net decrease in deposit accounts                                       (5,241)     (1,409)
  Repayment of Federal Home Loan Bank advances                               (4)       (114)
  Advances from Federal Home Loan Bank                                    5,500           -
  Advances by borrowers for taxes and insurance                              81          60
  Proceeds from the exercise of stock options                                96          48
  Purchase of treasury stock                                               (167)        (58)
  Dividends on common stock                                                 (98)        (92)
                                                                        -------     -------
          Net cash provided by (used in) financing activities               167      (1,565)
                                                                        -------     -------

Net decrease in cash and cash equivalents                                (2,497)     (3,742)

Cash and cash equivalents at beginning of period                          6,720      14,375
                                                                        -------     -------

Cash and cash equivalents at end of period                              $ 4,223     $10,633
                                                                        =======     =======

Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                                $     -     $   180
                                                                        =======     =======

    Interest on deposits and borrowings                                 $   591     $   710
                                                                        =======     =======

Supplemental disclosure of noncash investing activities:
  Unrealized gains (losses) on securities designated as available
   for sale, net of related tax effects                                 $    86     $   (25)
                                                                        =======     =======

  Recognition of mortgage servicing rights in accordance
   with SFAS No. 140                                                    $     6     $     9
                                                                        =======     =======
</TABLE>


<PAGE>  7


                      Community Investors Bancorp, Inc.

                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

           For the three months ended September 30, 2004 and 2003


1.    Basis of Presentation
      ---------------------

The accompanying unaudited consolidated financial statements were prepared
in accordance with instructions for Form 10-QSB and, therefore, do not
include information or footnotes necessary for a complete presentation of
consolidated financial position, results of operations and cash flows in
conformity with accounting principles generally accepted in the United
States of America.  Accordingly, these financial statements should be read
in conjunction with the consolidated financial statements and notes thereto
of Community Investors Bancorp, Inc. (the "Corporation") included in the
Annual Report on Form 10-KSB for the year ended June 30, 2004.  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, 2004 are not necessarily indicative
of the annualized results which may be expected for the entire fiscal year.

2.    Principles of Consolidation
      ---------------------------

The accompanying consolidated financial statements include the accounts of
the Corporation and its wholly owned subsidiary, First Federal Community
Bank of Bucyrus (the "Bank").  All significant intercompany items have been
eliminated.

3.    Earnings Per Share
      ------------------

Basic earnings per share is computed based upon the weighted-average shares
outstanding during the period less shares in the ESOP that are unallocated
and not committed to be released.  At September 30, 2004, all ESOP shares
had been allocated and released.  Weighted-average common shares deemed
outstanding gives effect to a reduction for 25,528 weighted-average
unallocated shares held by the ESOP for the three month period ended
September 30, 2003.

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.  The computations were as follows:

<TABLE>
<CAPTION>

                                           2004         2003


                                     <c>          <c>
Weighted-average common shares
 outstanding (basic)                    1,081,532    1,048,567
Dilutive effect of  assumed exercise
 of stock options                          25,843       49,188
                                        ---------    ---------
Weighted-average common shares
 outstanding (diluted)                  1,107,375    1,097,755
                                        =========    =========
</TABLE>


<PAGE>  8


                      Community Investors Bancorp, Inc.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

           For the three months ended September 30, 2004 and 2003


4.    Stock Option Plan
      -----------------

In fiscal 1996, the Board of Directors adopted a Stock Option Plan (the
"Plan") that provided for the issuance of 166,084 shares of authorized, but
unissued shares of common stock at the fair value at the date of grant.

The Corporation accounts for the Plan in accordance with SFAS No. 123,
"Accounting for Stock-Based Compensation," which contains a fair value-
based method for valuing stock-based compensation that entities may use,
which measures compensation cost at the grant date based on the fair value
of the award.  Compensation is then recognized over the service period,
which is usually the vesting period.  Alternatively, SFAS No. 123 permits
entities to continue to account for stock options and similar equity
instruments under Accounting Principles Board ("APB") Opinion No. 25,
"Accounting for Stock Issued to Employees."  Entities that continue to
account for stock options using APB Opinion No. 25 are required to make pro
forma disclosures of net earnings and earnings per share, as if the fair
value-based method of accounting defined in SFAS No. 123 had been applied.

The Corporation applies APB Opinion No. 25 and related Interpretations in
accounting for its stock option plan.  Accordingly, no compensation cost
has been recognized with respect to the Plan.  Had compensation cost for
the Plan been determined based on the fair value at the grant date in a
manner consistent with the accounting method utilized in SFAS No. 123,
there would have been no effect on the Corporation's consolidated net
earnings and earnings per share for the three month periods ended September
30, 2004 and 2003.

A summary of the status of the Corporation's stock option plan as of
September 30, 2004 and June 30, 2004 and 2003, and changes during the
periods ending on those dates is presented below:

<TABLE>
<CAPTION>

                                       Nine months ended                        Year ended
                                        September 30,                            June 30,
                                              2004                     2004                    2003
                                                 Weighted-                Weighted-               Weighted-
                                                   average                  average                 average
                                                  exercise                 exercise                exercise
                                       Shares        price      Shares        price     Shares        price


                                   <c>            <c>       <c>            <c>      <c>            <c>
Outstanding at beginning of period     71,482        $8.14     107,474        $7.65    110,774        $7.64
Granted                                     -            -           -            -          -            -
Exercised                             (11,154)        8.60     (35,992)        6.68     (3,300)        7.33
Forfeited                                   -            -           -            -          -            -
                                      -------        -----     -------        -----    -------        -----

Outstanding at end of period           60,328        $8.06      71,482        $8.14    107,474        $7.65
                                      =======        =====     =======        =====    =======        =====

Options exercisable at period-end      60,328        $8.06      71,482        $8.14    107,474        $7.65
                                      =======        =====     =======        =====    =======        =====
</TABLE>

The following information applies to options outstanding at September 30,
2004:

<TABLE>


                                            <c>
Number outstanding                                     60,328
Range of exercise prices                       $6.61 - $10.83
Weighted-average exercise price                         $8.06
Weighted-average remaining contractual life         1.8 years
</TABLE>


<PAGE>  9


                      Community Investors Bancorp, Inc.

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


Forward-Looking Statements
--------------------------

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

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


Discussion of Financial Condition Changes from June 30, 2004
------------------------------------------------------------
to September 30, 2004
---------------------

At September 30, 2004, the Corporation's assets totaled $122.4 million, an
increase of $520,000, or .4%, compared to the level reported at June 30,
2004.  The increase in assets was primarily comprised of a $3.1 million
increase in loans receivable, which was offset by a $2.5 million decrease
in cash and cash equivalents.

Cash and interest-bearing deposits totaled $4.2 million at September 30,
2004, a decrease of $2.5 million, or 37.2%, from June 30, 2004.  Investment
and mortgage-backed securities totaled $14.0 million at September 30, 2004,
a decrease of $98,000 or .7%, from June 30, 2004, due primarily to
maturities of investment securities and repayments on mortgage-backed
securities totaling $223,000, offset by market value increases of
investment securities of $125,000.

Loans receivable totaled $98.9 million at September 30, 2004, an increase
of $3.1 million, or 3.2%, from June 30, 2004 levels.  The increase was due
primarily to loan disbursements of $8.5 million, which were partially
offset by principal repayments of $4.9 million and sales of $564,000 during
the three-month period ended September 30, 2004.  The volume of loan
disbursements during the three months ended September 30, 2004, decreased
by $1.4 million or 14.3%, compared to the same period in 2003, due
primarily to the current interest rate environment and local real estate
market conditions.  The allowance for loan losses totaled $520,000 at
September 30, 2004, as compared to $549,000 at June 30, 2004.
Nonperforming loans totaled $1.3 million at September 30, 2004, as compared
to $1.0 million at June 30, 2004.  The allowance for loan losses
represented 39.7% of nonperforming loans as of September 30, 2004 and 57.3%
at June 30, 2004.  Nonperforming loans at September 30, 2004, were
comprised of one- to four-family residential loans totaling $268,000 and
consumer and commercial loans totaling $252,000.  Management believes all
nonperforming loans were adequately collateralized at September 30, 2004.
Although management believes that its allowance for loan losses at
September 30, 2004, 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.

Deposits totaled $82.0 million at September 30, 2004, a decrease of $5.2
million, or 6.0%, compared to June 30, 2004 levels.  The decrease was due
primarily to management's decision to refrain from pricing deposits at the
upper end of the range in a  competitive marketplace.


<PAGE>  10


                      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, 2004
------------------------------------------------------------
to September 30, 2004 (continued)
---------------------------------

Stockholders' equity totaled $13.4 million at September 30, 2004, an
increase of approximately $130,000, or 1.0%, over June 30, 2004 levels.
The increase resulted primarily from net earnings of $214,000, the proceeds
from exercise of stock options totaling $96,000, and the increase in
unrealized gains on investments of $86,000, which were partially offset by
repurchases of 12,021 shares of treasury stock at an aggregate price of
$167,000 and dividend payments on common stock totaling $98,000.  In
January 2003, the Corporation had announced a share repurchase plan of up
to 105,800 shares.  To date, 71,773 shares have been repurchased leaving
34,027 shares available for purchase in the event market conditions
warrant.  During the three months ended September 30, 2004, the Corporation
purchased 3,321 treasury shares at $14.70 per share in July 2004, and 8,700
treasury shares at $13.60 per share in August 2004.

The Bank is required to meet minimum capital standards promulgated by the
Office of Thrift Supervision ("OTS").  At September 30, 2004, the Bank's
capital was well in excess of such minimum capital requirements.


Comparison of Operating Results for the Three Month Periods Ended
-----------------------------------------------------------------
September 30, 2004 and 2003
---------------------------

General
-------

The Corporation's net earnings totaled $214,000 for the three months ended
September 30, 2004, a decrease of $23,000, or 9.7%, compared to the
$237,000 of net earnings reported for the same period in 2003.  The
decrease in earnings resulted primarily from a $60,000, or 8.9% increase in
general, administrative and other expense, a $15,000, or 10.3% decrease in
other income, and a $16,000 increase in the provision for losses on loans,
which were partially offset by a $57,000, or 6.2%, increase in net interest
income, and a $11,000, or 9.0%, decrease in the provision for federal
income taxes.

Net Interest Income
-------------------

Interest income on loans decreased by $52,000, or 3.5%, during the three
months ended September 30, 2004, compared to the 2003 period, due primarily
to a 39 basis point decrease in the average yield, to 5.87% in the 2004
period. This was partially offset by the increase in the average loan
portfolio by approximately $3.0 million.  Liquid interest-earning assets,
(i.e., interest-bearing deposits, investment and mortgage-backed
securities) were repositioned from interest-bearing deposits in other
financial institutions to investment securities at comparatively higher
interest rates.  Average investment securities increased by $4.5 million,
while average interest-bearing deposits in other financial institutions
decreased by $6.6 million for the three months ended September 30, 2003.
This asset repositioning resulted in an increase of $3,000, or 2.2%,  in
interest income on liquid assets.

Interest expense on deposits decreased by $114,000, or 30.4%, during the
three months ended September 30, 2004, compared to the 2003 period, due
primarily to a 47 basis point decrease in the average cost of deposits
quarter to quarter, to 1.23% in the 2004 period, coupled with a $3.5
million, or 4.0%, decrease in the average balance of deposits outstanding.
Interest expense on borrowings increased by $8,000, or 2.4%, due to a $2.7
million increase in the weighted-average balance of Federal Home Loan Bank
advances outstanding, partially offset by a 57 basis point decrease in the
average cost of advances year to year.  The decreases in the average yields
on interest-earning assets and average costs of interest-bearing
liabilities were due primarily to the overall decrease in interest rates in
the economy.

As a result of the foregoing changes in interest income and interest
expense, net interest income increased by $57,000, or 6.2%, to a total of
$970,000 for the three months ended September 30, 2004.  The interest rate
spread amounted to 3.15% in the 2004 three month period, as compared to
2.88% during the 2003 period, while the net interest margin totaled
approximately 3.31% in 2004, as compared to 3.08% in 2003.


<PAGE>  11


                      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, 2004 and 2003 (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 upon an analysis of historical experience, the volume and type of
lending conducted by the Bank, the status of past due principal and
interest payments, general economic conditions, particularly as such
conditions relate to the Bank's market area, and other factors related to
the collectibility of the Bank's loan portfolio.  As a result of such
analysis, management recorded a $38,000 provision for losses on loans
during the three month period ended September 30, 2004, compared to $22,000
in the comparable 2003 period.  The current period provision was predicated
primarily upon management's ongoing assessment as to changes in the mix of
assets in the nonperforming loan portfolio.  There can be no assurance that
the loan loss allowance of the Bank will be adequate to cover losses on
nonperforming loans in the future.

Other Income
------------

Other income totaled $130,000 for the three months ended September 30,
2004, a decrease of $15,000, or 10.3%, compared to the same period in 2003.
The decrease was due primarily to a decrease of $6,000 on gain on sale of
loans and $9,000 in fees.

General, Administrative and Other Expense
-----------------------------------------

General, administrative and other expense totaled $737,000 for the three
months ended September 30, 2004, an increase of $60,000, or 8.9%, compared
to the same period in 2003.  This resulted from increases in data and item
processing expense of $21,000, or 24.1%, other operating expense of $66,000
or 50.0% and a $12,000, or 20.7% increase in occupancy and equipment
expense, partially offset by a $41,000, or 11.4%, decrease in employee
compensation and benefits. The increase in other operating expense resulted
primarily from costs associated with the expansion and growth initiatives,
as well as increased professional expenses related to regulatory compliance
quarter to quarter.  The increase in occupancy expense was due primarily to
the operation of two new branch facilities during the 2004 period. The
decrease in employee compensation and benefits was due primarily to a
decline in pension plan costs.

Federal Income Taxes
--------------------

The provision for federal income taxes totaled $111,000 for the three
months ended September 30, 2004, a decrease of $11,000, or 9.0%, compared
to the same period in 2003.  The decline was primarily attributable to a
9.5% reduction in earnings before taxes in the 2004 period.  The effective
tax rates were 34.2% and 34.0% for the three months ended September 30,
2004 and 2003, respectively.


Quantitative and Qualitative Disclosure About Market Risk
---------------------------------------------------------

There has been no significant change from disclosures included in the
Company's Annual Report on Form 10-KSB for the period ended June 30, 2004.


<PAGE>  12


                      Community Investors Bancorp, Inc.

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


ITEM 3                     CONTROLS AND PROCEDURES


      (a)   The Chief Executive Officer and Chief Financial Officer have
evaluated the effectiveness of the Company's disclosure controls and
procedures (as defined under Rules 13a-14 and 15d-14 of the Securities
Exchange Act of 1934, as amended) as of a date within ninety days of the
filing date of this quarterly report on Form 10-QSB.  Based upon that
evaluation, the Chief Executive Officer and Chief Financial Officer have
concluded that the Company's disclosure controls and procedures are
effective.

      (b)   There were no significant changes in the Company's internal
controls or in any factors that could significantly affect these controls
subsequent to the date of the Chief Executive Officer and the Chief
Financial Officer's evaluation.


<PAGE>  13


                      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
            --------

                31.1    Written Statement of Chief Executive Officer furnished
                        Pursuant to Section 302 of the Sarbanes-Oxley Act of
                        2002, 18 U.S.C. Section 1350
                31.2    Written Statement of Chief Financial Officer furnished
                        Pursuant to Section 302 of the Sarbanes-Oxley Act of
                        2002, 18 U.S.C. Section 1350
                32.1    Written Statement of Chief Executive Officer furnished
                        Pursuant to Section 906 of the Sarbanes-Oxley Act of
                        2002, 18 U.S.C. Section 1350
                32.2    Written Statement of Chief Financial Officer furnished
                        Pursuant to Section 906 of the Sarbanes-Oxley Act of
                        2002, 18 U.S.C. Section 1350


<PAGE>  14


                      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, 2004               By: /s/ Phillip W. Gerber
       ----------------------              ---------------------------
                                           Phillip W. Gerber
                                           President and Chief
                                           Executive Officer




Date:  November 12, 2004               By: /s/ Thomas G. Kalb
       ----------------------              ---------------------------
                                           Thomas G. Kalb
                                           Vice President,
                                           Chief Financial Officer


<PAGE>  15