SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20552


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                                 March 14, 2001
                ------------------------------------------------
                Date of Report (Date of earliest event reported)




                               BUCS FINANCIAL CORP
            ---------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



        Maryland                        0-32437             52-2269586
- --------------------------           -------------         ------------
(State or other jurisdiction           (File No.)          (IRS Employer
     of incorporation)                                 Identification Number)


10455 Mill Run Circle, Owings Mills, Maryland                   21117
- ---------------------------------------------                 ----------
(Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code: (410) 998-5304
                                                    --------------


                                 Not Applicable
                   -----------------------------------------
          (Former name or former address, if changed since last Report)






                               BUCS FINANCIAL CORP

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------


Item 5.  Other Events
         ------------

         Reference is made to the press release  dated March 14, 2001,  which is
attached hereto as Exhibit 99 and incorporated herein by this reference.


Item 7.  Financial Statements, Pro Forma Financial
         Information and Exhibits
         -----------------------------------------

         (c)   Exhibits.

               99   Press Release dated March 14, 2001.







                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                        BUCS FINANCIAL CORP



Date: March 14, 2001                By: /s/Herbert J. Moltzan
                                        -----------------------------
                                        Herbert J. Moltzan, President