<ARTICLE> 9
<CIK> 0000802223
<NAME> UNIONFED FINANCIAL CORPORATION
<MULTIPLIER> 1,000
<CURRENCY> U.S.DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             JUL-01-1994
<PERIOD-END>                               SEP-30-1994
<EXCHANGE-RATE>                                      1
<CASH>                                          24,753
<INT-BEARING-DEPOSITS>                          13,323
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                          246328
<INVESTMENTS-MARKET>                            240109
<LOANS>                                         594971
<ALLOWANCE>                                      25968
<TOTAL-ASSETS>                                  912043
<DEPOSITS>                                      848289
<SHORT-TERM>                                     26814
<LIABILITIES-OTHER>                               5931
<LONG-TERM>                                          0
<COMMON>                                           272
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      107943
<TOTAL-LIABILITIES-AND-EQUITY>                  912043
<INTEREST-LOAN>                                  10814
<INTEREST-INVEST>                                 4242
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                                 14950
<INTEREST-DEPOSIT>                                8051
<INTEREST-EXPENSE>                                8344
<INTEREST-INCOME-NET>                             6606
<LOAN-LOSSES>                                     3859
<SECURITIES-GAINS>                                   8
<EXPENSE-OTHER>                                   7455
<INCOME-PRETAX>                                 (3676)
<INCOME-PRE-EXTRAORDINARY>                      (3676)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (3676)
<EPS-PRIMARY>                                    (.14)
<EPS-DILUTED>                                    (.14)
<YIELD-ACTUAL>                                    3.46
<LOANS-NON>                                      18521
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                107162
<LOANS-PROBLEM>                                 147241
<ALLOWANCE-OPEN>                                 24963
<CHARGE-OFFS>                                     2864
<RECOVERIES>                                        12
<ALLOWANCE-CLOSE>                                25968
<ALLOWANCE-DOMESTIC>                             25968
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0