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                                                                    EXHIBIT 99.3



                                REVOCABLE PROXY

                         COLUMBIA FEDERAL SAVINGS BANK

                    THIS PROXY IS SOLICITED ON BEHALF OF THE
              BOARD OF DIRECTORS OF COLUMBIA FEDERAL SAVINGS BANK

     The undersigned member of Columbia Federal Savings Bank, a savings bank
chartered under the laws of the United States ("Columbia Federal"), hereby
nominates, constitutes and appoints _____________________ and ________________,
or either one of them, as proxy or proxies for the undersigned member, each
with full power of substitution and resubstitution, to vote all of the votes
which the undersigned member is entitled to cast at the Special Meeting of the
members of Columbia Federal to be held at ______ __.m, Eastern Time, on
________ __, 1998, at ________________, ____________, __________, and at any
adjournments thereof (the "Special Meeting"), on the following matters and in
the manner specified below:

       1.   The approval of the Plan of Conversion, a copy of which is
            attached as Exhibit A to the Summary Proxy Statement mailed to the
            undersigned member in connection with the Special Meeting, pursuant
            to which Columbia Federal would convert from a mutual savings bank
            chartered under the laws of the United States to a permanent
            capital stock savings bank chartered under the laws of the United
            States and become a wholly-owned subsidiary of Columbia Financial
            of Kentucky, Inc., an Ohio corporation organized for the purpose of
            purchasing all of the capital stock to be issued by Columbia
            Federal in connection with the Conversion.

                FOR [    ] AGAINST [    ]


       2.   The adoption of the Federal Stock Charter of Columbia
            Federal, a copy of which is attached to the Plan of Conversion as
            Exhibit I.

                FOR [    ] AGAINST [    ]


       3.   The adoption of the Federal Stock Bylaws of Columbia
            Federal, a copy of which is attached to the Plan of Conversion as
            Exhibit II.

                FOR [    ] AGAINST [    ]


       4.   In their discretion, upon such other matters as may
            properly come before the Special Meeting.

     This Revocable Proxy will be voted as directed by the undersigned member.
IF NO DIRECTION IS GIVEN, THIS REVOCABLE PROXY WILL BE VOTED FOR THE APPROVAL
OF THE PLAN OF CONVERSION AND FOR THE ADOPTION OF THE FEDERAL STOCK CHARTER OF
COLUMBIA FEDERAL.

     Without affecting any vote previously taken, this Revocable Proxy may be
revoked by the undersigned at any time before it is exercised by (i) executing
and delivering to Columbia Federal a later dated proxy, (ii) attending the
Special Meeting and voting in person or (iii) giving written notice of
revocation to the Secretary of Columbia Federal.

   IMPORTANT:  PLEASE SIGN AND DATE THIS REVOCABLE PROXY ON THE REVERSE SIDE



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                                     PROXY

     The receipt of the Summary Proxy Statement of Columbia Federal Savings
Bank and the Prospectus of Columbia Financial of Kentucky, Inc., dated
___________, 1998, is hereby acknowledged by the undersigned.

NOTE:  Please sign your name exactly as it appears on this Proxy.  Joint
accounts require only one signature.  If you are signing this Proxy as an
attorney, administrator, agent, corporation, officer, executor, trustee or
guardian, etc., please add your full title to your signature.

                                             ___________________________________
                                             Signature

                                             Dated:  _____________________, 1998

IMPORTANT:  IF YOU RECEIVE MORE THAN ONE CARD, PLEASE SIGN AND RETURN ALL CARDS
IN THE ACCOMPANYING ENVELOPE.