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



    DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):          MARCH 15, 2003




                         CONSUMERS FINANCIAL CORPORATION
             (Exact Name of Registrant as Specified in its Charter)



      Pennsylvania                     0-2616                   23-1666392
(State or Other Jurisdiction     (Commission File No.)      (I.R.S.  Employer
    of Incorporation)                                      Identification  No.)



1525  Cedar  Cliff  Drive,  Camp  Hill,  Pennsylvania              17011
    (Address  of  Principal  Executive  Offices)                 (Zip Code)



                                  717-761-4230
               (Registrants Telephone Number, Including Area Code)



                             FORM 8-K CURRENT REPORT




ITEM  5.         OTHER  EVENTS  AND  REGULATION  FD  DISCLOSURE

     At  a  Special  Meeting  of Shareholders held on March 15, 2003, the common
shareholders  of Consumers Financial Corporation (the Company) voted in favor of
the  following  proposals:

     -    An  amendment to the Company's Articles of Incorporation to effect a 1
          for  10  reverse stock split of the Company's common stock by reducing
          the  number  of  issued  and  outstanding  shares of common stock from
          5,276,810  shares  to  527,681  shares.

     -    An  amendment  to the Company's Articles of Incorporation to authorize
          50 million shares of capital stock of the Company, of which 40 million
          shares  will  relate to common stock and 10 million shares will relate
          to  preferred  stock  (including  the  existing  632,500  shares  of
          convertible preferred stock, series A), subject to further designation
          by  the  Board  of  Directors  of  the  Company.

     -    An  amendment  to  the  Company's  Articles of Incorporation to permit
          action  upon  the written consent of less than all shareholders of the
          Company,  pursuant  to  section  2524  of  the  Pennsylvania  Business
          Corporation  Law  of  1988.

CFC Partners, Ltd. owns 51.2% of the outstanding common stock of the Company and
voted  its  shares  in  favor  of  each  of  the  above  proposals.



                                   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  hereunto  duly  authorized.



                                          CONSUMERS  FINANCIAL  CORPORATION
                                                      Registrant


Date:      April  2,  2003                By  /S/  Donald  J.  Hommel
          ----------------                    ----------------------------------
                                                   Donald  J.  Hommel
                                                   President and Chief Executive
                                                   Officer