EXHIBIT 21
 
                   SUBSIDIARIES OF QUAKER CITY BANCORP, INC.
 


                                                                              STATE OR OTHER
                                                                              JURISDICTION OF
                                                                               INCORPORATION
                                    NAME                                      OF ORGANIZATION
                                    ----                                      ---------------
                                                                           
Quaker City Federal Savings and Loan Association (direct subsidiary)........      Federal

Quaker City Financial Corp. (indirect subsidiary)...........................    California

Quaker City Neighborhood Development, Inc. (direct subsidiary)..............    California