UNITED STATESSECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): ~~February~~April 2127, 2005 Union Community Bancorp (Exact Name of Registrant as Specified in Its Charter)

Indiana
(State or Other Jurisdiction
of Incorporation)

000-23543
(Commission File Number)

35-2025237
(IRS Employer
Identification No.)

221 East Main Street, Crawfordsville, Indiana
(Address of Principal Executive Offices)

47933
(Zip Code)

(765) 362-2400(Registrant’s Telephone Number, Including Area Code) N/A (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 12.0102 ~~Entry~~Results ~~into a Material Definitive Agreement. Stock Option Grants On February 21, 2005, the Board~~ of ~~Directors~~Operations ~~granted~~ and ~~approved~~Financial ~~options~~Condition. ~~to purchase a total of 102,175 common shares of~~ Union Community Bancorp ~~(the~~issued ~~“Corporation”) pursuant to the Union Community Bancorp Stock Option Plan (the “Stock Option Plan”),~~ a ~~copy~~press ofrelease ~~which~~that was ~~filed~~publicly asdisseminated ~~Exhibit~~on ~~10(2)~~April ~~to the Corporation’s Registration Statement filed September 17~~27, ~~1997. Of the 102~~2005,~~175~~ ~~common~~announcing ~~shares~~its ~~subject~~results toof ~~the~~operations ~~options,~~for ~~97,175 were granted to~~ the ~~Corporation’s~~quarter ~~directors~~ended ~~and~~March ~~executive officers~~31, ~~as reflected in the chart below~~2005. InA ~~accordance~~copy ~~with the terms~~ of the ~~Stock~~press ~~Option~~release ~~Plan,~~is ~~and~~attached ~~the~~as ~~awards~~Exhibit ~~made~~99.1 to ~~each~~this ~~director~~Current and executive officer, each recipient’s options will vest at the rate of 20% of the total grant per year over a five-year period, commencing on the first anniversary of the date of grant, meaning February 21, 2006, and continuing on the next four anniversaries thereafterReport. The ~~options~~information ~~are~~disclosed ~~10-year,~~under ~~non-qualified~~this ~~stock~~Item ~~options that will expire on February 21~~2.02, ~~2015,~~including ~~except~~Exhibit ~~for the options granted to J~~99.1 ~~Lee Walden~~hereto, ~~the Chief Financial Officer of the Corporation, who received incentive stock options that will expire on February 20, 2015. The exercise price~~ is ~~$18.15~~being ~~per~~furnished ~~common share purchased, as determined by the closing price reported by Nasdaq on February 18, 2005, the last business day before the date of grant. Recognition~~ and ~~Retention~~shall ~~Plan~~not ~~Awards~~be Ondeemed ~~February~~“filed” ~~21,~~for ~~2005,~~purposes ~~the Board~~ of ~~Directors~~Section ~~also~~18 ~~made awards~~ of ~~13,870 shares of~~ the ~~Corporation’s~~Securities ~~common~~Exchange ~~stock~~Act ~~to the directors and executive officers~~ of ~~the Corporation pursuant to the Union Federal Savings and Loan Association Recognition and Retention Plan and Trust (the “RRP”)~~1934, ~~a copy of which was filed~~ as ~~Exhibit 10(3) to the Corporation’s Registration Statement filed September 17~~amended, ~~1997. The awards were allocated among the directors~~ and ~~executive~~shall ~~officers~~not asbe ~~reflected~~deemed inincorporated ~~the~~by ~~chart~~reference ~~below.~~into Inany ~~accordance~~filing ~~with the terms of the RRP, and the awards~~ made tounder ~~each director and executive officer, each recipient’s award shares will vest at~~ the ~~rate~~Securities ofAct ~~20%~~ of ~~the total award at the end of each full twelve months of consecutive service to the Corporation or an affiliate after the date of grant. As provided in the RRP~~1933, ~~all~~except ~~award shares will vest~~ as ofexpressly ~~the~~set ~~last~~forth ~~day~~by ofspecific ~~service~~reference in ~~the~~such ~~event~~filing. ofItem ~~death or disability and may be forfeited, to the extent not already earned and distributed, in the event of termination of service~~9.01 ~~Until~~Financial ~~such~~Statements ~~time as the award shares are earned~~ and distributed to a recipient, the recipient is entitled to direct the RRP Trustee as to the voting of the award shares and is also entitled to have any dividends and distributions in respect of the common shares accrued for the recipient’s benefit and distributed along with the award shares as and when they are earnedExhibits. ~~Grant and Award Chart~~

Name		Position		Number of CommonShares UnderlyingStock Options		Number of RRPAward Shares
	(c)		Exhibits
Philip L. Boots		Director		6,485		1,261
			Exhibit No.		Description
Mark E. Foster		Director		6,485		1,261
			99.1		Press Release issued April 27, 2005
Phillip E. Grush		Director		6,485		1,261
C. Rex Henthorn		Director		6,485		1,261
Samuel H. Hildebrand		Director		6,485		1,261
John M. Horner		Director		6,485		1,261
Joseph M. Malott		Director		6,485		1,261
Harry A. Siamas		Director		6,485		1,261
Joseph E. Timmons		Director, President		6,485		1,261
Alan L. Grimble		Chief Executive Officer		23,305		1,261
J. Lee Walden		Chief Financial Officer		15,505		1,260

2 SIGNATURES 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 hereto duly authorized. Date: ~~February~~April 2529, 2005

Union Community BancorpBy: /s/ J. Lee Walden —————————————— J. Lee Walden Chief Financial Officer

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