SCHEDULE 13G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Citizens Community Bancorp, Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
174903104
(CUSIP Number)
February 1, 2011
(Date of Event which Requires
Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person?s initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be ?filed? for the purpose of Section
18 of the Securities Exchange Act of 1934 (?Act?) or
otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act
(however, see the Notes).
CUSIP No. 174903104 SCHEDULE 13G
Page 2 of 7
1 Names of Reporting Persons
Horwitz and Associates
IRS Identification No. of Above Person (entities only)
36-2708269
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
3 SEC USE ONLY
4 Citizenship or Place of Organization
Delaware
5 Sole Voting Power
N/A
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY N/A
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
N/A
8 Shared Dispositive Power
459,898
9 Aggregate Amount Beneficially Owned by each Reporting
Person
459,898
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
11 Percent of Class Represented by Amount in Row 9
8.994%
12 Type of Reporting Person (See Instructions)
BD , IA
Page 3 of 7
1 Names of Reporting Persons
IRS Identification No. of Above Person (entities only)
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
United States
5 Sole Voting Power
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
8 Shared Dispositive Power
459,8987
9 Aggregate Amount Beneficially Owned by each Reporting
Person
459,898
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
11 Percent of Class Represented by Amount in Row 9
8.994
12 Type of Reporting Person (See Instructions)
Page 4 of 7
Item 1(a). Name of Issuer.
Citizens Community Bancorp
Item 1(b). Address of Issuer?s Principal Executive Offices.
2174 East Ridge Center, Eau Claire, WI 54701
Item 2(a). Name of Person Filing.
Horwitz and Associates
Item 2(b). Address of Principal Business Office or, if none,
Residence.
2610 Lake Cook Road, Riverwoods, IL 60015
Item 2(c). Citizenship.
Delaware
Item 2(d). Title of Class of Securities.
Common Stock
Item 2(e). CUSIP Number.
174903104
Item 3. If this statement is filed pursuant to 240.13d-
1(b) or 240.13d-2(b) or (c), check whether the person filing
is a:
(a) [x] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
SCHEDULE 13G Page 5 of 7
(d) [ ] Investment company registered under section 8 of the
Investment Company act of 1940 (15 U.S.C. 80a-8).
(e) [x] An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded form the definition
of an investment company under section 3(c)(14) of the
Investment Company act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
a) amount beneficially owned
459,898
b) percent of class
8.994
SCHEDULE 13G Page 6 of 7
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of
Another Person.
N/A
Item 7. Identification and Classification of the
Subsidiary which Acquired the Security Being Reported on by
the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of
the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below, I, Gerald Horwitz, certifies that,
to the best of my knowledge andbelief, the securities referred
to above on page two (2) and
three (3) of this Schedule 13G were acquired and are held in
the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SCHEDULE 13G Page 7 of 7
Signature
After reasonable inquiry and to the best of their
knowledge and belief, the undersigned certify that the
information set forth in this statement is true, complete and
correct.
DATED:
Gerald A Horwitz/CEO Horwitz and Associates
________________________
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)