August 11, 2006



Mail-Stop 4561
Via facsimile and U.S. Mail
Mr. James G. Cooley
President and Chief Executive Officer
Citizens Community Bancorp, Inc.
2174 EastRidge Center
Eau Claire, Wisconsin 54701

	Re:  Citizens Community Bancorp, Inc.
                    Amendment No. 2 to Form SB-2 on Form S-1
	        File No. 333-135527
                    Filed August 10, 2006



Dear Mr. Cooley:

      We have reviewed your filing only for the issues related to
the
comparison of shareholder rights and accounting issues and have
the
following comments.  We have also reviewed your response letter
dated
May 12, 2006 addressing our comment letter dated April 24, 2006
regarding your Form 10-KSB for the Fiscal Year Ended September 30,
2005.  Where indicated, we think you should revise your document
in
response to these comments.  If you disagree, we will consider
your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
supplemental information so we may better understand your
disclosure.
After reviewing this information, we may or may not raise
additional
comments.

      The purpose of our review process is to assist you in your
compliance with the applicable disclosure requirements and to
enhance
the overall disclosure in your filing.  We look forward to working
with you in these respects.  We welcome any questions you may have
about our comments or on any other aspect of our review.  Feel
free
to call us at the telephone numbers listed at the end of this
letter.





Form S-1/A filed August 10, 2006
Consolidated Financial Statements```````````
General

1. We note that you filed your interim financial statements for
the
quarterly period ended June 30, 2006 on August 11, 2006. Please
revise your S-1 to include the most recent interim financial
statements available. Refer to Rule 3-12 of regulation S-X.

Closing Comments

      As appropriate, please amend your registration statement and
Form 10-KSB in response to these comments.  You may wish to
provide
us with marked copies of the amendments to expedite our review.
Please furnish a cover letter with your amendments that keys your
responses to our comments and provides any requested supplemental
information.  Detailed cover letters greatly facilitate our
review.
Please understand that we may have additional comments after
reviewing your amendments and responses to our comments.

	`
	Any questions regarding the accounting comments may be
directed
to Lisa Haynes (202) 551-3424 or John P. Nolan at (202) 551-3492.
All other questions may be directed to Michael Clampitt at (202)
551-
3434 or to me at (202) 551-3698.

						Sincerely,




						John P. Nolan
						Accounting Branch Chief



Cc: Martin Meyerwitz, P.C.
       Silver, Freedman & Taff, L.L.P.
       1700 Wisconsin Avenue, NW
       Washington, DC 20007
        Facsimile (202) 337-5502
        Phone (202) 295-4500


Mr. J.G. Cooley
Citizens Community Bancorp, Inc.
Page 2