<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FORM THE
FINANCIAL STATEMENTS OF CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION AT AND
FOR THE YEAR ENDED SEPTEMBER 30, 1995 AND AT AND FOR EIGHT MONTHS ENDED MAY
31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<PERIOD-TYPE> 12-MOS 8-MOS
<FISCAL-YEAR-END> SEP-30-1995 SEP-30-1996
<PERIOD-START> OCT-01-1994 OCT-01-1995
<PERIOD-END> SEP-30-1995 MAY-31-1996
<CASH> 334,045 1,611,972
<INT-BEARING-DEPOSITS> 3,923,027 3,218,190
<FED-FUNDS-SOLD> 0 0
<TRADING-ASSETS> 0 0
<INVESTMENTS-HELD-FOR-SALE> 0 775,139
<INVESTMENTS-CARRYING> 17,920,613 14,646,029
<INVESTMENTS-MARKET> 18,334,058 14,778,886
<LOANS> 64,135,049 69,729,224
<ALLOWANCE> 92,360 92,360
<TOTAL-ASSETS> 88,022,490 91,696,549
<DEPOSITS> 76,664,442 79,097,288
<SHORT-TERM> 0 0
<LIABILITIES-OTHER> 559,162 1,232,635
<LONG-TERM> 0 0
<PREFERRED-MANDATORY> 0 0
<PREFERRED> 0 0
<COMMON> 0 0
<OTHER-SE> 10,798,886 11,366,626
<TOTAL-LIABILITIES-AND-EQUITY> 88,022,490 91,696,549
<INTEREST-LOAN> 4,587,034 3,401,401
<INTEREST-INVEST> 1,336,676 853,298
<INTEREST-OTHER> 293,674 162,210
<INTEREST-TOTAL> 6,217,384 4,416,909
<INTEREST-DEPOSIT> 3,601,490 2,676,059
<INTEREST-EXPENSE> 3,601,490 2,676,059
<INTEREST-INCOME-NET> 2,651,894 1,740,850
<LOAN-LOSSES> 0 0
<SECURITIES-GAINS> 0 8,259
<EXPENSE-OTHER> 1,341,850 1,017,783
<INCOME-PRETAX> 1,424,957 882,242
<INCOME-PRE-EXTRAORDINARY> 944,205 582,242
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 944,205 582,242
<EPS-PRIMARY> 0<F1> 0<F1>
<EPS-DILUTED> 0<F1> 0<F1>
<YIELD-ACTUAL> 7.36 7.53
<LOANS-NON> 250,000 316,000
<LOANS-PAST> 0 0
<LOANS-TROUBLED> 0 0
<LOANS-PROBLEM> 0 0
<ALLOWANCE-OPEN> 92,360 92,360
<CHARGE-OFFS> 0 0
<RECOVERIES> 0 0
<ALLOWANCE-CLOSE> 92,360 92,360
<ALLOWANCE-DOMESTIC> 81,000 81,000
<ALLOWANCE-FOREIGN> 11,360 11,360
<ALLOWANCE-UNALLOCATED> 92,360 92,360
<FN>
<F1>EARNINGS PER SHARE IS NOT APPLICABLE AS THE ASSOCIATION IS A MUTUAL SAVINGS
ASSOCIATION.
</FN>