UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                 --------------


                                    FORM 8-K

                                 CURRENT REPORT

                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

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         Date of Report (Date of earliest event reported): May 14, 2004



                            EMCLAIRE FINANCIAL CORP.
                            ------------------------
             (Exact name of registrant as specified in its charter)


       Pennsylvania            000-18464                           25-1606091
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(State or other                (Commission                   (IRS Employer
jurisdiction of                File Number)                  Identification No.)
incorporation)




                       612 Main Street, Emlenton, PA            16373
               (Address of principal executive offices)       (Zip Code)



Registrant's telephone number, including area code: (724) 867-2311






                            EMCLAIRE FINANCIAL CORP.
                           CURRENT REPORT ON FORM 8-K


ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c) Exhibits.

Exhibit Number      Description
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99.1                Press Release dated May 14, 2004, issued by Emclaire
                    Financial Corp.

ITEM 9. REGULATION FD DISCLOSURE (Results of Operations and Financial Condition)

On May 14, 2004, Emclaire Financial Corp. announced its results of operations
for the quarter ended March 31, 2004. A copy of the related press release is
being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by
reference in its entirety. The information furnished under Item 12 of this
Current Report on Form 8-K, including Exhibit 99.1, shall be deemed to be
"filed" for purposes of the Securities Exchange Act of 1934, as amended.







                                    SIGNATURE

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 hereunto duly authorized.



EMCLAIRE FINANCIAL CORP.




Date:  May 14, 2004                David L. Cox
                                   ----------------------------

                                   Name:      David L. Cox
                                   Title:     Chief Executive Officer
                                              President