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           December 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:  February 9, 2001 - 1,171,638 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 Earnings                              4

            Consolidated Statements of Comprehensive Income                  5

            Consolidated Statements of Cash Flows                            6

            Notes to Consolidated Financial Statements                       8

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


PART II  -  OTHER INFORMATION                                               16

SIGNATURES                                                                  17






























                                        2



<PAGE>


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

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)


                                                                                       December 31,            June 30,
         ASSETS                                                                                2000                2000
<S>                                                                                        <C>                      <C>
Cash and due from banks                                                                    $  2,855            $  1,701
Federal funds sold                                                                              840                 310
Interest-bearing deposits in other financial institutions                                     1,610                 302
                                                                                            -------             -------
         Cash and cash equivalents                                                            5,305               2,313

Investment securities available for sale - at market                                          4,406               5,773
Investment securities held to maturity - at amortized cost, approximate market
  value of $3,312 and $3,556 as of  December 31, 2000 and June 30, 2000                       3,326               3,616
Mortgage-backed securities available for sale - at market                                     8,170               9,103
Mortgage-backed securities held to maturity - at amortized cost, approximate market
  value of $671 and $742 as of December 31, 2000 and June 30, 2000                              681                 766
Loans receivable - net                                                                       94,276              94,366
Property acquired in settlement of loans                                                          2                  69
Office premises and equipment - at depreciated cost                                             675                 692
Federal Home Loan Bank stock - at cost                                                        1,564               1,507
Accrued interest receivable on loans                                                             83                  86
Accrued interest receivable on mortgage-backed securities                                        49                  52
Accrued interest receivable on investments and interest-bearing deposits                         69                 118
Prepaid expenses and other assets                                                                91                 170
Prepaid federal income taxes                                                                    272                 235
Deferred federal income taxes                                                                     6                 168
                                                                                            -------             -------

         Total assets                                                                      $118,975            $119,034
                                                                                            =======             =======

         LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                                   $ 80,828            $ 79,138
Advances from the Federal Home Loan Bank                                                     26,228              28,611
Advances by borrowers for taxes and insurance                                                   203                   5
Accrued interest payable                                                                        272                 329
Other liabilities                                                                               113                 188
                                                                                            -------             -------
         Total liabilities                                                                  107,644             108,271


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                                                                  7,247               7,191
  Retained earnings, restricted                                                               9,050               8,728
  Shares acquired by stock benefit plans                                                       (380)               (461)
  Less 484,212 and 468,062 shares of treasury stock - at cost                                (4,541)             (4,408)
  Accumulated other comprehensive losses - unrealized losses on securities
    designated as available for sale, net of related tax effects                                (62)               (304)
                                                                                            -------             -------
         Total stockholders' equity                                                          11,331              10,763
                                                                                            -------             -------

         Total liabilities and stockholders' equity                                        $118,975            $119,034
                                                                                            =======             =======
</TABLE>





                                        3


<PAGE>


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

                       CONSOLIDATED STATEMENTS OF EARNINGS

                        (In thousands, except share data)


                                                                         Six months ended             Three months ended
                                                                            December 31,                  December 31,
                                                                         2000         1999            2000         1999
<S>                                                                     <C>          <C>              <C>          <C>
Interest income
  Loans                                                                $3,807       $3,523          $1,923       $1,775
  Mortgage-backed securities                                              282          330             137          162
  Investment securities                                                   325          311             154          162
  Interest-bearing deposits and other                                      38           24              21           15
                                                                        -----        -----           -----        -----
         Total interest income                                          4,452        4,188           2,235        2,114

Interest expense
  Deposits                                                              1,799        1,758             909          881
  Borrowings                                                              882          739             427          395
                                                                        -----        -----           -----        -----
         Total interest expense                                         2,681        2,497           1,336        1,276
                                                                        -----        -----           -----        -----

         Net interest income                                            1,771        1,691             899          838

Provision for losses (recoveries) on loans                                 31           39             (15)          17
                                                                        -----        -----           -----        -----

         Net interest income after provision
           for losses (recoveries) on loans                             1,740        1,652             914          821

Other income
  Gain (loss) on sale of repossessed assets                               (16)          14              -            12
  Other operating                                                         148          148              77           80
                                                                        -----        -----           -----        -----
         Total other income                                               132          162              77           92

General, administrative and other expense
  Employee compensation and benefits                                      608          563             308          294
  Occupancy and equipment                                                  68           67              35           33
  Federal deposit insurance premiums                                        8           24               4           12
  Franchise taxes                                                          76           65              45           33
  Expenses of property acquired in settlement of loans                      2           26               1           18
  Data processing                                                         128          120              63           61
  Other operating                                                         244          236             127          127
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                1,134        1,101             583          578
                                                                        -----        -----           -----        -----

         Earnings before income taxes                                     738          713             408          335

Federal income taxes
  Current                                                                 211          317             104          151
  Deferred                                                                 37          (79)             33          (39)
                                                                        -----        -----           -----        -----
         Total federal income taxes                                       248          238             137          112
                                                                        -----        -----           -----        -----

         NET EARNINGS                                                  $  490       $  475          $  271       $  223
                                                                        =====        =====           =====        =====

         EARNINGS PER SHARE
           Basic                                                         $.44         $.42            $.24         $.20
                                                                          ===          ===             ===          ===

           Diluted                                                       $.43         $.41            $.24         $.19
                                                                          ===          ===             ===          ===

</TABLE>

                                        4


<PAGE>


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

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                 (In thousands)


                                                                         Six months ended             Three months ended
                                                                            December 31,                  December 31,
                                                                         2000         1999            2000         1999
<S>                                                                       <C>          <C>            <C>           <C>
Net earnings                                                             $490        $ 475            $271        $ 223

Other comprehensive income, net of tax:
  Unrealized  holding  gains  (losses) on securities
    during the period,  net of taxes (benefits) of $125,
    $45, $33 and $(9) for the respective periods                          242           88              65          (18)
                                                                          ---         ----             ---         ----


Comprehensive income                                                     $732        $ 563            $336        $ 205
                                                                          ===         ====             ===         ====


Accumulated comprehensive loss                                           $(62)       $(167)           $(62)       $(167)
                                                                          ===         ====             ===         ====

</TABLE>






























                                        5



<PAGE>


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

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

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


                                                                                                 2000              1999
<S>                                                                                             <C>                <C>
Cash flows from operating activities:
  Net earnings for the period                                                                  $  490           $   475
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Amortization of discounts and premiums on loans,
      investments and mortgage-backed securities - net                                             14                14
    Amortization of deferred loan origination fees                                                (22)              (35)
    Depreciation and amortization                                                                  22                29
    Provision for losses on loans                                                                  31                39
    Amortization expense of stock benefit plans                                                   137               113
    (Gain) loss on sale of repossessed assets                                                      16               (14)
    Federal Home Loan Bank stock dividends                                                        (57)              (50)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                          3               (22)
      Accrued interest receivable on mortgage-backed securities                                     3                10
      Accrued interest receivable on investments and
        interest-bearing deposits                                                                  49               (10)
      Prepaid expenses and other assets                                                            79                59
      Accrued interest payable                                                                    (57)               25
      Other liabilities                                                                           (75)                7
      Federal income taxes
        Current                                                                                   125               (11)
        Deferred                                                                                   37               (79)
                                                                                                -----            ------
         Net cash provided by operating activities                                                795               550

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                               1,806                 4
  Purchase of investment securities designated as available for sale                               -             (1,500)
  Principal repayments on mortgage-backed securities                                            1,221             1,713
  Loan principal repayments                                                                     6,737            10,461
  Loan disbursements                                                                           (6,820)          (14,757)
  Purchase of office premises and equipment                                                        (5)              (12)
  Proceeds from sale of repossessed assets                                                         52               117
  Purchase of Federal Home Loan Bank stock                                                         -                (42)
                                                                                                -----            ------
         Net cash provided by (used in) investing activities                                    2,991            (4,016)
                                                                                                -----            ------

         Net cash provided by (used in) operating and investing
           activities (subtotal carried forward)                                                3,786            (3,466)
                                                                                                -----            ------
</TABLE>







                                        6


<PAGE>


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

                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

                      For the six months ended December 31,


                                                                                                 2000              1999
<S>                                                                                               <C>              <C>
         Net cash provided by (used in) operating and investing
           activities (subtotal brought forward)                                               $3,786           $(3,466)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                              1,690               225
  Proceeds from Federal Home Loan Bank advances                                                 4,300            25,000
  Repayment of Federal Home Loan Bank advances                                                 (6,683)          (21,700)
  Advances by borrowers for taxes and insurance                                                   198                 4
  Purchase of treasury stock                                                                     (133)              (25)
  Dividends on common stock                                                                      (166)             (158)
                                                                                                -----            ------
         Net cash provided by (used in) financing activities                                     (794)            3,346
                                                                                                -----            ------

Net increase (decrease) in cash and cash equivalents                                            2,992              (120)

Cash and cash equivalents at beginning of period                                                2,313             3,497
                                                                                                -----            ------

Cash and cash equivalents at end of period                                                     $5,305           $ 3,377
                                                                                                =====            ======


Supplemental  disclosure of cash flow  information:
  Cash paid during the period for:
    Federal income taxes                                                                       $  265           $   294
                                                                                                =====            ======

    Interest on deposits and borrowings                                                        $2,738           $ 2,472
                                                                                                =====            ======

Supplemental disclosure of noncash investing activities:
  Transfers from loans to repossessed assets                                                   $    3           $   328
                                                                                                =====            ======

  Unrealized gains on securities designated as available
    for sale, net of related tax effects                                                       $  242           $    88
                                                                                                =====            ======
</TABLE>














                                        7


<PAGE>


                        Community Investors Bancorp, Inc.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

          For the six and three months ended December 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,  2000.  However,  in the  opinion  of  management,  all
    adjustments  (consisting  of  only  normal  recurring  accruals)  which  are
    necessary  for a fair  presentation  of the financial  statements  have been
    included.  The results of  operations  for the six and three  month  periods
    ended December 31, 2000 are not necessarily  indicative of the 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  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  1,117,223  and  1,112,952 for the six and three month periods ended
    December 31, 2000. Weighted-average common shares deemed outstanding,  which
    gives effect to 79,272  unallocated ESOP shares,  totaled 1,139,396 for each
    of the six and three month periods ended December 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
    1,131,342 and  1,126,865 for the six and three month periods ended  December
    31, 2000.  Weighted-average common shares deemed outstanding for purposes of
    computing diluted earnings per share totaled 1,161,065 and 1,158,331 for the
    six and three month periods ended December 31, 1999.

    Incremental shares related to the assumed exercise of stock options included
    in the  calculation of diluted  earnings per share totaled 14,119 and 13,913
    for the six and three month periods ended  December 31, 2000, and 21,669 and
    18,935 for the six and three month periods ended December 31, 1999.  Options
    to purchase 19,521 shares of common stock with a  weighted-average  exercise
    price of $10.72 were  outstanding  at December 31, 2000,  but were  excluded
    from the  computation  of diluted  earnings  per share for the three and six
    month periods ended December 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 six and three months ended December 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.  Management  adopted SFAS No. 133
    effective  July  1,  2000,  as  required,  without  material  impact  on the
    Corporation's financial position and results of operations.

    In September  2000, the FASB issued SFAS No. 140  "Accounting  for Transfers
    and Servicing of Financial Assets and Extinguishments of Liabilities", which
    revises the standards for accounting for securitizations and other transfers
    of financial  assets and collateral and requires  certain  disclosures,  but
    carries over most of the provisions of SFAS No. 125 without reconsideration.
    SFAS No. 140 is effective for  transfers  and servicing of financial  assets
    and  extinguishments  of  liabilities  occurring  after March 31, 2001.  The
    Statement is effective for  recognition and  reclassification  of collateral
    and for disclosures  relating to securitization  transactions and collateral
    for  fiscal  years  ending  after  December  15,  2000.  SFAS No. 140 is not
    expected to have a material effect on the Corporation's  financial  position
    or results of operations.














                                        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 recent accounting pronouncements.


Discussion  of  Financial  Condition  Changes from June 30, 2000 to December 31,
2000

At December 31,  2000,  the  Corporation's  assets  totaled  $119.0  million,  a
decrease of $59,000 from the level  reported at June 30,  2000.  The decrease in
assets was primarily  attributable to a $2.4 million  repayment of FHLB advances
which was only partially funded by a $1.7 million increase in deposits, retained
earnings and unrealized gains on securities totaling $568,000.

Cash and interest-bearing deposits totaled $5.3 million at December 31, 2000, an
increase  of $3.0  million,  or  129.4%,  over  June 30,  2000.  Investment  and
mortgage-backed  securities  totaled  $16.6  million at  December  31,  2000,  a
decrease  of $2.7  million,  or 13.9%,  from June 30,  2000,  due  primarily  to
maturities and repayments of investment and  mortgage-backed  securities of $1.8
million and $1.2 million, respectively.  Regulatory liquidity amounted to 10.37%
at December 31, 2000.

Loans  receivable  totaled  $94.3  million at December  31,  2000, a decrease of
$90,000, or 0.1%, from June 30, 2000 levels. Loan disbursements amounted to $6.8
million during the six-month period ended December 31, 2000, which was partially
offset by principal repayments of $6.7 million. The volume of loan disbursements
during the six months ended  December 31, 2000  decreased  by $7.9  million,  or
53.8%,  from the same period in 1999 due to the effect of rising  interest rates
and a corresponding  reduction in refinancing  activity.  The allowance for loan
losses  totaled  $470,000 at December 31, 2000,  as compared to $484,000 at June
30, 2000. Nonperforming loans totaled $444,000 at December 31, 2000, as compared
to $449,000 at June 30, 2000. The allowance for loan losses  represented  105.9%
of  nonperforming  loans as of December  31,  2000 and 107.8% at June 30,  2000.
Although  management believes that its allowance for loan losses at December 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, 2000 to December 31,
2000 (continued)

Deposits  totaled  $80.8  million at  December  31,  2000,  an  increase of $1.7
million, or 2.1%, over June 30, 2000 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  $26.2 million at December 31,
2000, a decrease of $2.4 million,  or 8.3%, from June 30, 2000 levels.  Advances
were repaid primarily with funds from increased  deposit balances and maturities
of investment and mortgage-backed securities, as previously discussed.

Stockholders'  equity totaled $11.3 million at December 31, 2000, an increase of
$568,000,  or 5.3%, over June 30, 2000 levels.  The increase resulted  primarily
from net earnings of $490,000 coupled with  amortization of stock benefit plans,
which were partially offset by repurchases of 16,150 shares of treasury stock at
an aggregate  price of $133,000 and dividend  payments on common stock  totaling
$166,000.

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


Comparison  of Operating  Results for the Six-Month  Periods Ended  December 31,
2000 and 1999

General

The  Corporation's  net  earnings  totaled  $490,000  for the six  months  ended
December 31,  2000,  an increase of $15,000,  or 3.2%,  over the $475,000 of net
earnings reported for the same period in 1999. The increase in earnings resulted
primarily from an $80,000 increase in net interest income and an $8,000 decrease
in  provision  for  losses on loans,  which were  partially  offset by a $30,000
decrease in other income,  a $33,000  increase in general,  administrative,  and
other expense and a $10,000 increase in the provision for federal income taxes.

Net Interest Income

Net  interest  income  increased by $80,000,  or 4.7%,  for the six months ended
December  31,  2000,  compared  to the 1999  period.  Interest  income  on loans
increased by $284,000,  or 8.1%, due primarily to a $1.5 million increase in the
average net portfolio balance of loans outstanding year-to-year,  coupled with a
48 basis point increase in the average yield.  Interest income on investment and
mortgage-backed  securities and interest-bearing  deposits decreased by $20,000,
or 3.0%, as a $2.0 million decrease in the average portfolio balance outstanding
was partially offset by a increase in the average yield.





                                       11



<PAGE>


                        Community Investors Bancorp, Inc.

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


Comparison  of Operating  Results for the Six-Month  Periods Ended  December 31,
2000 and 1999

Net Interest Income (continued)

Interest expense on deposits increased by $41,000,  or 2.3%, due primarily to an
increase in the cost of deposits  year-to-year,  which was partially offset by a
$1.0 million decrease in the average balance of deposits  outstanding.  Interest
expense on  borrowings  increased by  $143,000,  or 19.4%,  due  primarily to an
approximate $1.0 million increase in the weighted-average outstanding balance of
advances  from the  Federal  Home Loan Bank,  coupled  with an  increase  in the
average cost of borrowings year to year.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  increased by $80,000,  or 4.7%, to a total of $1.8 million
for the six months ended December 31, 2000. The interest rate spread amounted to
approximately  2.75% in the 2000 six-month  period,  as compared to 2.60% during
the 1999 period,  while the net interest margin totaled  approximately  3.08% in
2000, as compared to 2.93% 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 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 $31,000 provision for losses on
loans  during the six month period  ended  December  31,  2000.  There can be no
assurance  that the loan loss  allowance  of the Bank will be  adequate to cover
losses on nonperforming assets in the future.

Other Income

Other income  decreased by $30,000,  or 18.5%, for the six months ended December
31, 2000, compared to the same period in 1999, due to a $16,000 loss on the sale
of  repossessed  assets  during the six month  period  ended  December 31, 2000,
compared to a $14,000 gain on such sales recorded in the comparable 1999 period.













                                       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 Six-Month  Periods Ended  December 31,
2000 and 1999 (continued)

General, Administrative and Other Expense

General, administrative and other expense totaled $1.2 million for the six month
period ended December 31, 2000, an increase of $33,000, or 3.0%, compared to the
same period in 1999. This increase resulted  primarily from a $45,000,  or 8.0%,
increase in employee  compensation and benefits and an $8,000, or 6.7%, increase
in data processing expense,  which were partially offset by a $16,000, or 66.7%,
decrease in federal deposit insurance premiums and a $24,000, or 92.3%, decrease
in  expenses  of  property  acquired in  settlement  of loans.  The  increase in
employee  compensation  and benefits was due primarily to normal merit increases
and a reduction in deferred loan  origination  costs attendant to the decline in
lending volume year to year. 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.  The decrease in federal
deposit insurance premiums reflects the lower premium rates in fiscal 2001.

Federal Income Taxes

The provision for federal income taxes totaled $248,000 for the six month period
ended  December 31, 2000,  an increase of $10,000,  or 4.2%,  as compared to the
same period in 1999. Net earnings before income taxes  increased by $25,000,  or
3.5%,  compared to the six months ended  December 31, 1999.  The  effective  tax
rates were 33.6% and 33.4% for the six months ended  December 31, 2000 and 1999,
respectively.


Comparison of Operating  Results for the Three-Month  Periods Ended December 31,
2000 and 1999

General

The  Corporation's  net  earnings  totaled  $271,000  for the three months ended
December 31, 2000,  an increase of $48,000,  or 21.5%,  over the $223,000 of net
earnings reported for the same period in 1999. The increase in earnings resulted
primarily  from a $61,000  increase  in the net  interest  income  and a $32,000
decrease in the provision for losses on loans,  which were partially offset by a
$15,000 decrease in other income,  a $5,000 increase in general,  administrative
and other expense and a $25,000  increase in the  provision  for federal  income
taxes.

Net Interest Income

Net interest  income  increased by $61,000,  or 7.3%, for the three months ended
December  31,  2000,  compared  to the 1999  period.  Interest  income  on loans
increased  by $148,000,  or 8.3%,  due  primarily to a $365,000  increase in the
average net portfolio balance of loans outstanding year-to-year,  coupled with a
60 basis point increase in the average yield.  Interest income on investment and
mortgage-backed  securities and interest-bearing  deposits decreased by $27,000,
or 8.0%, as a $2.8 million decrease in the average portfolio balance outstanding
was partially offset by an increase in the average yield.



                                       13



<PAGE>


                        Community Investors Bancorp, Inc.

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


Comparison of Operating  Results for the Three-Month  Periods Ended December 31,
2000 and 1999

Net Interest Income (continued)

Interest expense on deposits increased by $28,000,  or 3.2%, due primarily to an
increase in the cost of deposits  year-to-year,  which was partially offset by a
$1.4 million decrease in the average balance of deposits  outstanding.  Interest
expense  on  borrowings  increased  by  $32,000,  or 8.1%,  as a 68 basis  point
increase  in  yield  was  slightly   offset  by  a  $987,000   decrease  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 $61,000,  or 7.3%, to a total of $899,000 for
the three months ended December 31, 2000.  The interest rate spread  amounted to
approximately  2.80% in the 2000 three-month period, as compared to 2.56% during
the 1999 period,  while the net interest margin totaled  approximately  3.14% in
2000, as compared to 2.87% 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 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 $15,000  reduction  in the
allowance for loan losses during the three-month period ended December 31, 2000,
compared to a provision of $17,000  recorded  during the comparable 1999 period.
The current period credit  provision  reflects the  improvement in the level and
makeup  of  nonperforming  loans  year to year,  which  at  December  31,  2000,
consisted  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 Bank will be  adequate to cover
losses on nonperforming assets in the future.

Other Income

Other income decreased by $15,000, or 16.3%, for the three months ended December
31, 2000,  compared to the same period in 1999,  due primarily to a $12,000 gain
on the sale of repossessed assets recorded in the 1999 period. The Corporation's
other operating income decreased by $3,000, or 3.8%,  primarily due to decreased
service fees on deposit accounts and transactions.









                                       14


<PAGE>


                        Community Investors Bancorp, Inc.

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


Comparison of Operating  Results for the Three-Month  Periods Ended December 31,
2000 and 1999 (continued)

General, Administrative and Other Expense

General,  administrative  and other expense increased by $5,000, or 0.9%, during
the three months ended  December 31, 2000,  compared to the same period in 1999.
This increase resulted primarily from a $14,000,  or 4.8%,  increase in employee
compensation  and benefits and a $12,000,  or 36.4%,  increase in franchise  tax
expense,  which  were  partially  offset by a  $17,000,  or 94.4%,  decrease  in
expenses of property  acquired in settlement  of loans and an $8,000,  or 66.7%,
decline  in  federal  deposit  insurance  premiums.  The  increase  in  employee
compensation  and benefits was due to normal merit  increases and a reduction in
deferred loan origination  costs attendant to the decline in lending volume year
to year.  The  increase in  franchise  tax expense  resulted  primarily  from an
increase in  stockholders'  equity  during the current  period.  The decrease in
expenses of property acquired in settlement of loans was achieved as a result of
the  Corporations'  disposition of the mobile home loan portfolio  during fiscal
2000.

Federal Income Taxes

The provision for federal income taxes  increased by $25,000,  or 22.3%,  during
the three  months ended  December  31,  2000,  as compared to the same period in
1999. Net earnings before income taxes increased by $73,000, or 21.8%,  compared
to the three months ended  December 31, 1999. The effective tax rates were 33.6%
and 33.4% for the three months ended December 31, 2000 and 1999, respectively.
























                                       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
















                                       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:  February 12, 2001                   By:  /s/John W. Kennedy
     --------------------------                 ----------------------------
                                                  John W. Kennedy
                                                  President and Chief
                                                  Executive Officer



Date:  February 12, 2001                   By:  /s/Robert W. Siegel
     --------------------------                 ----------------------------
                                                  Robert W. Siegel
                                                  Assistant Vice President
                                                  Controller and Treasurer































                                       17