EXHIBIT 10.6


RP FINANCIAL, LC.



Financial Services Industry Consultants



	September 12, 2003






Mr. James Cooley

President and Chief Executive Officer

Citizens Community Federal


2174 Eastridge Center


Eau Claire, Wisconsin  54701





Dear Mr. Cooley:



              This letter sets forth the agreement between Citizens Community Federal, Altoona, Wisconsin
("Citizens Community"), and RP Financial, LC. ("RP Financial"), whereby Citizens Community has
engaged RP Financial to prepare the regulatory business plan and financial projections to be adopted
by Citizens Community's Board of Directors in conjunction with the concurrent reorganization and
minority stock offering.  These services are described in greater detail below.


Description of Proposed Services


              RP Financial's business planning services will include the following areas:  (1) evaluating
Citizens Community's current financial and operating condition, business strategies and anticipated
strategies in the future; (2) analyzing and quantifying the impact of business strategies, incorporating
the use of net offering proceeds both in the short and long term; (3) preparing detailed financial
projections on a quarterly basis for a period of at least three fiscal years to reflect the impact of Board
approved business strategies and use of proceeds; (4) preparing the written business plan document
which conforms with applicable regulatory guidelines including a description of the use of proceeds
and how the convenience and needs of the community will be addressed; and (5) preparing the
detailed schedules of the capitalization of Citizens Community and mutual holding company and
related cash flows.


              Contents of the business plan will include:  Executive Summary; Description of Business;
Marketing Plan; Management Plan; Records, Systems and Controls; Financial Management Plan;
Monitoring and Revising the Plan; and Alternative Business Strategy.


              RP Financial agrees to prepare the business plan and accompanying financial projections in
writing such that the business plan can be filed with the appropriate regulatory agencies prior to filing
the appropriate applications.  






	Rosslyn Center
1700 North Moore Street, Suite 2210
Arlington, VA  22209	Telephone:
Fax No.:
Toll-Free No.:	(703) 528-1700
(703) 528-1788
(866) 723-0594








Next Page













Mr. James Cooley

September 12 ,2003

Page 2




Fee Structure and Payment Schedule


              Citizens Community agrees to compensate RP Financial for preparation of the business plan
on a fixed fee basis of $12,500.  Payment of the professional fees shall be made upon delivery of the
completed business plan.  Citizens Community also agrees to reimburse RP Financial for those direct
out-of-pocket expenses necessary and incidental to providing the business planning services.
Reimbursable expenses will likely include shipping, telephone/facsimile printing, computer and data
services, and shall be paid to RP Financial as incurred and billed 


              In the event Citizens Community shall, for any reason, discontinue this planning engagement prior
to delivery of the completed business plan and payment of the progress payment fee, Citizens Community
agrees to compensate RP Financial according to RP Financial's standard billing rates for consulting
services based on accumulated and verifiable time expenses, not to exceed the fixed fee described above,
plus reimbursable expenses incurred.


              If during the course of the planning engagement, unforeseen events occur so as to materially
change the nature or the work content of the business planning services described in this contract, the
terms of said contract shall be subject to renegotiation by Citizens Community and RP Financial.
Such unforeseen events may include changes in regulatory requirements as it specifically relates to
Citizens Community or potential transactions that will dramatically impact Citizens Community such
as a pending acquisition or branch transaction.  


*  *  *  *  *  *  *  *  *  *  *


              Please acknowledge your agreement to the foregoing by signing as indicated below and
returning to RP Financial a signed copy of this letter.


	 	
Very truly yours,

/s/ William E. Pommerening

William E. Pommerening

Chief Executive Officer and 

  Managing Director





	Agreed To and Accepted By:		James Cooley     /s/ James G. Cooley              

President and Chief Executive Officer




	Upon Authorization by the Board of Directors For:	Citizens Community Federal
Altoona, Wisconsin



Date Executed:	October 17, 2003






End.