Contact:   Edward F. Seserko

                                                               President and CEO
                                                               (412) 681-8400

                                                    For Immediate Release
                                                    July 26, 2004


                    EUREKA FINANCIAL CORP. ANNOUNCES EARNINGS
                FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2004


Pittsburgh,  Pennsylvania - Eureka Financial Corp., (the "Company"),  the parent
holding  company  for  Eureka  Bank,  (the  "Bank"),  Pittsburgh,  Pennsylvania,
announced  earnings for the three and nine months  ended June 30, 2004.  For the
three months ended June 30, 2004, the Company earned  $244,000,  or $.19 diluted
earnings  per share,  as  compared  to earnings  of  $171,000,  or $.13  diluted
earnings  per share,  for the three  months  ended June 30,  2003.  For the nine
months  ended June 30,  2004,  the  Company  earned  $629,000,  or $.49  diluted
earnings per share, as compared to earnings of $610,000 or $.48 diluted earnings
per share, for the nine months ended June 30, 2003.

The  Company is in the Mutual  Holding  Company  form of  organization  with the
majority of its stock owned by Eureka Bancorp, MHC.

The Bank,  founded in 1886,  is a federally  chartered  stock  savings  bank and
operates one office in the Oakland community of Pittsburgh. The Company's common
stock trades on the electronic bulletin board under the symbol "EKFC."

The foregoing  material may contain  forward-looking  statements  concerning the
financial  condition,  results of  operations  and business of the  Company.  We
caution that such statements are subject to a number of uncertainties and actual
results could differ materially and,  therefore,  readers should not place undue
reliance on any forward-looking  statements. The Company does not undertake, and
specifically  disclaims,  any obligation to publicly  release the results of any
revisions  that may be made to any  forward-looking  statements  to reflect  the
occurrence of anticipated or  unanticipated  events or  circumstances  after the
date of such statements.