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


                                 April 12, 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 4.  Changes in Registrant's Certifying Accountant
         ---------------------------------------------

         On April 12, 2001, the Registrant  received notice from its independent
accountants,  Jameson  &  Associates,  P.A.,  of their  resignation  from  their
engagement as the Registrant's  independent public  accountants.  As of the date
hereof, no new independent accountant has been engaged by the Registrant.

         Jameson  &  Associates's  reports  on  the  Registrant's   consolidated
financial  statements  for the two fiscal years ended  December 31, 2000 did not
contain an adverse  opinion or disclaimer of opinion,  and were not qualified or
modified as to uncertainty, audit scope or accounting principles.

         In  connection  with audits of the two fiscal years ended  December 31,
2000 and the subsequent interim period preceding the date hereof,  there were no
disagreements  between the Registrant and Jameson & Associates on any matters of
accounting principles or practices,  financial statement disclosure, or auditing
scope or  procedure,  which,  if not resolved to the  satisfaction  of Jameson &
Associates,  would have caused them to make a reference to the subject matter of
the  disagreements in connection with their reports.  During the two most recent
fiscal years and the subsequent interim period preceding the date hereof,  there
were no reportable  events described under Item  304(a)(1)(iv)(B)  of Regulation
S-B.


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

(a) Not applicable.

(b) Not applicable.

(c) Exhibits.

16.1 Letter of concurrence from Jameson & Associates,  P.A.  regarding change in
     certifying accountant





                                   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: April 26, 2001                  By:      /s/Herbert J. Moltzan
                                               ---------------------------------
                                               Herbert J. Moltzan, President