CONSULTING AGREEMENT

     This consulting  agreement (this "Agreement") is made the 28th day of March
2002 by and between Covenant Financial Corporation (the "Company"),  and Jeffrey
B. Heinzen (the "Consultant").

RECITALS

     WHEREAS,  the  Company  wishes to engage  the  Consultant  with  respect to
certain aspects of its business;

     WHEREAS,  the  Consultant  is willing to make  available to the Company the
consulting services provided for in the Agreement as set forth below;

AGREEMENT

     NOW  THEREFORE,  in  consideration  of  the  premises  and  the  respective
covenants and  agreements of the parties  herein  contained,  the parties hereto
agree as follows:

1.   TERM

     The term of this  Agreement  shall  commence  on the date hereof and end on
June 30, 2002.

2.   CONSULTING SERVICES

     (a)  Business management consulting services.

     (b)  Compensation. In consideration of the consulting services set forth in
          paragraph  2 (a),  and subject to the terms and  conditions  set forth
          herein the Company hereby agrees to issue to Consultant  10,000 shares
          of the Company's  Common stock (the "Shares") and register such shares
          at the time of initial issuance,  or immediately  thereafter,  on Form
          S-8 under the Securities Act of 1933.

     (c)  Issuance. Issuance and delivery of the Common Stock shall be within 10
          days of the filing of the Form S-8, at which time,  the Company  shall
          deliver to the Consultant:

          (i)  the  certificate  or  certificates  evidencing  the  Shares to be
               issued to the Consultant and the respective dates,  registered in
               the name of the Consultant; and

          (ii) evidence that the Shares have been  registered  on Form S-8 to be
               filed upon issuance of the Shares to the Consultant,  registering
               for resale thereof.
<PAGE>

     (d)  Expenses.

     During the term of the Consultant's  engagement  hereunder.  The Consultant
     shall be  entitled  to  receive  prompt  reimbursement  for all  reasonable
     expenses incurred by the Consultant in performing services hereunder.

3.   CONFIDENTIAL INFORMATION

         (a)  Confidential  Information.  In  connection  with the  providing of
Consulting  Services,  hereunder,  the Company may provide the  Consultant  with
information  concerning  the Company which the Company deems  confidential  (the
"Confidential  Information").  The  Consultant  understands  and agrees that any
Confidential  Information  disclosed  pursuant  to  this  Agreement  is  secret,
proprietary  and of great value to the  Company,  which value may be impaired if
the secrecy of such information is not maintained. The Consultant further agrees
that she will take  reasonable  security  measures to  preserve  and protect the
secrecy  of such  Confidential  Information,  and to hold  such  information  in
confidence and not to disclose such  information,  either directly or indirectly
to any person or entity during the term of this  agreement or any time following
the expiration or termination hereof; provided, however, that the Consultant may
disclose the  Confidential  Information  to an assistant to whom  disclosure  is
necessary for the providing of services under this agreement.

         (b) Exclusions. For purposes of this paragraph 3, the term Confidential
Information shall not include  Information which (i) becomes generally available
to the public other than as a result of a disclosure  by the  Consultant  or his
assistants,  agents or advisors, or (ii) becomes available on a non-confidential
basis to the  Consultant  from a source other than the Company or its  advisors,
provided  that  such  source  is not  known to the  Consultant  to be bound by a
Confidentiality  agreement with or other obligation of secrecy to the Company or
another party.

         (c) Government Order.  Notwithstanding anything to the contrary in this
Agreement,  the  Consultant  shall not be precluded  from  disclosing any of the
Confidential  Information  pursuant  to a valid  order  of any  governmental  or
regulatory authority, or pursuant to the order of any court or arbitrator.

         (d) Injunctive Relief. The Consultant agrees that, since a violation of
this paragraph 3 would cause irreparable  injury to the Company,  and that there
may not be an adequate remedy at law for such violation,  the Company shall have
the right in addition to any other  remedies  available at law or in equity,  to
enjoin the  Consultant in a court of equity for violating the provisions of this
paragraph 3.

4.       REPRESENTATION AND WARRANTIES OF THE COMPANY

         The Company hereby represents and warrants to the Consultant that as of
the  date  hereof  and  as of the  Closing  Date  (after  giving  effect  to the
transactions contemplated hereby):

         (a)  Existence  and  Authority.  The  Company  is  a  corporation  duly
organized  and  validly  existing  in  good  standing  under  the  laws  of  its
jurisdiction  of  incorporation  and has full  power  and  authority  to own its
respective  property,  carry on its respective  business as now being conducted,
and enter into and perform its obligations under this Agreement and to issue and
deliver the Shares to be issued by it hereunder.  The Company is duly  qualified
as a  jurisdiction  in which it is  necessary  to be so  qualified  to  transact
business as currently conducted. This Agreement, has been duly authorized by all
necessary  corporate  action,  executed,  and  delivered  by  the  Company,  and
constitutes the legal, valid and binding obligation of the Company,  enforceable
against  the  Company  in  accordance  with  its  terms  subject  to  applicable
bankruptcy,  insolvency,  reorganization,   moratorium  or  other  similar  laws
relating  to or  affecting  the  rights of  creditors  generally  and to general
principals of equity.
<PAGE>

     (b)  Authorization  and  Validity  of  Shares.  The  Shares  have been duly
authorized and are validly issued and outstanding, fully paid and non-assessable
and free of any  preemptive  rights.  The  Shares  are not  subject to any lien,
pledge, security interest or other encumbrance.

     (c)  Authorization  of  Agreement.  The  Company  has taken all actions and
obtained all consents or approvals  necessary to authorize it to enter into this
Agreement.

     (d) No Violation.  Neither the execution or delivery of this Agreement, the
issuance  or  delivery  of  Shares,  the  performance  by  the  Company  of  its
obligations  under this  Agreement,  nor the  consummation  of the  transactions
contemplated  hereby will conflict  with,  violate,  constitute a breach of or a
default  (with the passage of time or otherwise)  under,  require the consent or
approval of or filing with any person  (other than consent and  approvals  which
have been  obtained and filings  which have been made)  under,  or result in the
imposition of a lien on or security  interest in any properties or assets of the
Company,  pursuant  to the  charter or bylaws of the  Company,  any award of any
arbitrator  or  any  agreement  (including  any  agreement  with  stockholders),
instruments, order, judgement, decree, statute, law, rule or regulation to which
the  Company is a party or to which any such  person or any of their  respective
properties or assets is subject.

     (e)  Registration.  The Shares have been,  or will be upon the filing of an
S-8 Registration  Statement,  registered pursuant to the Securities Act of 1933,
as amended, and all applicable state laws.

5.   FILINGS

     The Company shall furnish to the Consultant,  promptly after the sending or
filing  thereof,  copies of all reports  which the  Company  sends to its equity
security  holders  generally,   and  copies  of  all  reports  and  registration
statements  which the Company files with the Securities and Exchange  Commission
(the "Commission"), any other securities exchange or the National Association of
Securities Dealers, Inc. ("NASD")

6.   SUPPLYING INFORMATION

     The Company shall  cooperate with the Consultant in supplying such publicly
available  information  as may be  reasonably  necessary  for the  Consultant to
complete and file any information reporting forms.
<PAGE>

7.   INDEMNIFICATION

         (a) The Company shall indemnify the Consultant from and against any and
all expenses (including attorneys' fees),  judgements,  fines, claims, causes of
action,  liabilities  and other amounts paid (whether in settlement or otherwise
actually and  reasonably  incurred) by the  Consultant in  connection  with such
action, suit or proceeding if (i) the Consultant was made a party to any action,
suit or proceeding by reason of the fact that the Consultant  rendered advice or
services pursuant to this Agreement, and (ii) the Consultant acted in good faith
and in a manner reasonably believed by the Consultant to be in or not opposed to
the  interests  of the  Company,  and with  respect  to any  criminal  action or
proceeding,  had no reasonable  cause or believe his conduct was  unlawful.  The
termination of any action,  suit or proceeding by judgment,  order,  settlement,
conviction,  or upon a plea of nolo contendere or its equivalent,  shall not, of
itself, create a presumption that the Consultant did not act in good faith in or
not opposed to the best  interests  of the  Company,  and,  with  respect to any
criminal action or proceeding,  had reasonable cause to believe that his conduct
was unlawful. Notwithstanding the foregoing, the Company shall not indemnify the
Consultant with respect to any claim, issue or matter as to which the Consultant
shall have been adjudged to be liable for gross negligence or willful misconduct
in the performance or other duties pursuant to this Agreement unless and only to
the  extent  that the  court in which  such  action  or suit was  brought  shall
determine upon  application  that,  despite the adjunction of liability,  but in
view  of all the  circumstances  of the  case,  the  Consultant  is  fairly  and
reasonably  entitled to indemnity for such expenses  which such court shall deem
proper.

         (b) The Consultant shall indemnify the Company from and against any and
all expenses (including attorney's fees),  judgements,  fines, claims, causes of
action,  liabilities  and other amounts paid (whether in settlement or otherwise
actually and reasonably incurred) by the Company in connection with such action,
suit or  proceeding  if (i) the Company was made a party to any action,  suit or
proceeding by reason of the fact that the Consultant rendered advice or services
pursuant to this  Agreement,  and (ii) the  Consultant did not act in good faith
and in a manner reasonably believed by the Consultant to be in or not opposed to
the  interests  of the  Company,  and with  respect  to any  criminal  action or
proceeding, did not reasonably believe his conduct was unlawful. Notwithstanding
the foregoing,  the  Consultant  shall not indemnify the Company with respect to
any claim,  issue or matter as to which the Company  shall have been adjudged to
be liable for gross  negligence or willful  misconduct  in  connection  with the
performance of the  Consultant's  duties  pursuant to this Agreement  unless and
only to the extent that the court on which such action or suit was brought shall
determine upon  application  that,  despite the adjunction of liability,  but in
view of all  circumstances  of the case,  the  Company is fairly and  reasonably
entitled to indemnity for such expenses which such court shall deem proper.

<PAGE>

8.   INDEPENDENT CONTRACTOR STATUS

         It is  expressly  understood  and  agreed  that  this  is a  consulting
agreement  only and  does  not  constitute  an  employer-employee  relationship.
Accordingly,   the  Consultant  agrees  that  the  Consultant  shall  be  solely
responsible  for payment of his own taxes or sums due to the federal,  state, or
local governments,  overhead,  workmen's compensation,  fringe benefits, pension
contributions and other expenses.  It is further  understood and agreed that the
Consultant is an  independent  contractor and the Company shall have no right to
control the activities of the Consultant other than during the express period of
time in which the  Consultant is performing  services  hereunder,  and that such
services  provided  hereunder and not because of any presumed  employer-employee
relationship. The Consultant shall have no authority to bind the company.

         The parties further  acknowledge that the Company's  services hereunder
are not  exclusive,  but that the  Consultant  shall be performing  services and
undertaking  other  responsibilities,  for and with other  entities  or persons,
which may directly or  indirectly  compete with the  Company.  Accordingly,  the
services of the  Consultant  hereunder  are on a part time basis  only,  and the
Company shall have no discretion,  control of, or interest in, the  Consultant's
services which are not covered by the terms of the Agreement. The Company hereby
waives any  conflict of interest  which now exists or may  hereafter  arise with
respect to Consultant's current employment and future employment.

9.       NOTICE

         All notices provided by this Agreement shall be in writing and shall be
given by facsimile  transmission,  overnight  courier,  by registered mail or by
personal delivery,  by one party to the other,  addressed to such other party at
the applicable address set forth below, or to such other address as may be given
for such  purpose by such other  party by notice  duly given  hereunder.  Notice
shall be deemed properly given on the date of the delivery.

                  To Consultant:         Jeffrey B. Heinzen
                                         711 24th Street NE
                                         Minomonie, WI 54751


                  To the Company:        Covenant Financial Corporation
                                         6060 North Central Expressway
                                         Suite 560, No. 9
                                         Dallas, Texas 75206

10.      MISCELLANEOUS

         (a) Waiver.  Any term or provision of this  Agreement  may be waived at
any time by the party  entitled to the benefit  thereof by a written  instrument
duly executed by such party.

         (b) Entire Agreement.  This Agreement contains the entire understanding
between the parties hereto with respect to the transactions contemplated hereby,
and may not be amended,  modified, or altered except by an instrument in writing
signed by the party against whom such amendment,  modification, or alteration is
sought  to be  enforced.  This  Agreement  supercedes  and  replaces  all  other
agreements  between the parties  with respect to any services to be performed by
the Consultant of behalf of the Company.
<PAGE>

(c)  Governing  Law.  This  Agreement  shall be  construed  and  interpreted  in
     accordance with the laws of the State of Texas.

(d)  Binding  Effect.  This Agreement shall bind and inure to the benefit of the
     parties  hereto  and their  respective  heirs,  executors,  administrators,
     successors and assigns.

(e)  Construction.  The captions and headings  contained herein are inserted for
     convenient  reference  only,  are not a part  hereof and the same shall not
     limit or construe  the  provisions  to which they apply.  Reference in this
     agreement to "paragraphs"  are to the paragraphs in this Agreement,  unless
     otherwise noted.

(f)  Expenses.  Each  party  shall  pay  and be  responsible  for the  cost  and
     expenses, including, without limitation,  attorney's fees, incurred by such
     party in connection  with  negotiation,  preparation  and execution of this
     Agreement and the transactions contemplated hereby.

(g)  Assignment. No party hereto may assign any of its rights or delegate any of
     its obligations under this Agreement without the express written consent of
     the other party hereto.

(h)  No Rights to Others.  Nothing  herein  contained  or implied is intended or
     shall  be  construed  to  confer  upon  or  give  to any  person,  firm  or
     corporation, other than the parties hereto.

(i)  Counterparts.   This  Agreement  may  be  executed  simultaneously  in  two
     counterparts,  each of which shall be deemed an original, but both of which
     together  shall  constitute one and the same  agreement,  binding upon both
     parties  hereto,  notwithstanding  that both parties are not signatories to
     the original or the same counterpart.

                  IN WITNESS  WHEREOF,  the parties have executed this Agreement
on the date and year first above written.


                                                 COVENANT FINANCIAL CORPORATION

                                                  By:/s/ Douglas A. Larson
                                                     ---------------------------
                                                     Its: President

                                                     JEFFREY B. HEINZEN

                                                  By:/s/ Jeffrey B. Heinzen
                                                     ---------------------------