SC 13G 1 czwi13g508.txt SC 13G AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Citizens Community Bancorp, Inc. ------------------------------------------------ (Name of Issuer) Common Stock ($ .01 Par Value) ------------------------------------------------ (Title of Class of Securities) 174903104 ------------------- (CUSIP Number) May 7, 2008 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1 (b) |X| 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 1. NAME OF REPORTING PERSONS Investors of America, Limited Partnership IRS Identification No. of above 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Nevada 5. SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING 6. SHARED VOTING POWER PERSON WITH 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% 12. TYPE OF REPORTING PERSON (See Instructions) PN ITEM 1. (a) NAME OF ISSUER: Citizens Community Bancorp, Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2174 EastRidge Center, Eau Claire, Wisconsin 54701 ITEM 2. (a) NAME OF PERSON FILING: The name of the person filing this statement (the "Reporting Person") is Investors of America, Limited Partnership. (b) ADDRESS OF PRINCIPAL OFFICE: The address of the principal office of the Reporting Person is 135 North Meramec, Clayton, MO 63105. (c) CITIZENSHIP: Investors of America, Limited Partnership is a Nevada partnership. (d) TITLE OF CLASS OF SECURITIES: This statement relates to Common Shares of the Issuer ("Shares"). (e) CUSIP NUMBER: 174903104 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: (a) /__/ Broker or dealer registered under Section 15 of the Exchange Act. (b) /__/ Bank as defined in Section 3(a)(6) of the Exchange Act. (c) /__/ Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) /__/ Investment company registered under Section 8 of the Investment Company Act. (e) /__/ An investment adviser in accordance with Rule 13d-1(b)(1)(ii) (E). (f) /__/ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) /__/ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) /__/ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) /__/ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) /__/ Group, in accordance with Rule 13d-1(b)(1)(ii)(J). ITEM 4. OWNERSHIP: (a) Amount beneficially owned: 0 (b) Percent of class: 0.0% (c) Not Appplicable. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five ercent of the class of securities, check the following [ X ] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. This item is not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. This item is not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP. This item is not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. This item is not applicable. ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: May 15, 2008 Investors of America, Limited Partnership /s/ James F. Dierberg --------------------------------- James F. Dierberg, President of First Securities America, Inc., General Partner