EXHIBIT 5.1

                          EHRENREICH EILENBERG & KRAUSE
                               11 East 44th Street
                            New York, New York 10017
                                 (212) 986-9700

                               September 18, 2003

Consumers Financial Corporation
132 Spruce Street
Cedarhurst, New York 11516


         Re:      Registration Statement on Form S-8 Relating to 92,000 shares
                  of Common Stock issued to a Consultant

Gentlemen:

         We are special counsel to Consumers Financial Corporation, a
Pennsylvania corporation (the "COMPANY"), in connection with the filing by the
Company with the Securities and Exchange Commission pursuant to the Securities
Act of 1933, as amended (the "SECURITIES ACT"), of a registration statement on
Form S-8 (the "REGISTRATION STATEMENT") relating to 92,000 shares of Common
Stock issued to a consultant pursuant to the terms and provisions of a certain
Consulting Agreement dated as of September 12, 2003, by and between the Company
and Pinchas Gold (the "CONSULTANT SHARES").

         We have examined and are familiar with originals or copies, certified
or otherwise identified to our satisfaction, of the Registration Statement,
resolutions of the Board of Directors of the Company relating to the proposed
registration and issuance of the Consultant Shares and such other corporate
documents and records and other certificates, and we have made such
investigations of law, as we have deemed necessary or appropriate in order to
render the opinion hereinafter set forth.

         In our examination, we have assumed the genuineness of all signatures,
the legal capacity of all natural persons, the authenticity of all documents
submitted to us as originals, the conformity to original documents of all
documents submitted to us as copies, the authenticity of the originals of such
latter documents and the accuracy and completeness of all public records
reviewed. As to any facts material to the opinions expressed herein which were
not independently established or verified, we have relied upon statements and
representations of officers and other representatives of the Company and others.

         Based upon and subject to the foregoing, we are of the opinion that the
Consultant Shares have been validly authorized, and when issued and paid for in
the manner contemplated in the Consulting Agreements, will be legally issued,
fully paid and non-assessable, provided, however, that the payment therefor is
in any event not less than the par value of the Consultant Shares so issued.

         Members of our firm are admitted to the bar of the State of New York.
We express no opinion as to the laws of any other jurisdiction other than the
laws of the State of New York.

         We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to our firm under the caption "Legal
Matters" in the Registration Statement.

                                       Very truly yours,


                                       /s/ Ehrenreich Eilenberg & Krause, LLP
                                       Ehrenreich Eilenberg & Krause, LLP