Exhibit 99


Release Date:                                             Further Information:

IMMEDIATE RELEASE                                         David J. Bursic
July 19, 2007                                             President and CEO
                                                                 or
                                                          Pamela M. Tracy
                                                          Investor Relations
                                                          Phone: 412/364-1913


           WVS FINANCIAL CORP. ANNOUNCES INCREASED FOURTH QUARTER AND
       FISCAL YEAR ENDED JUNE 30, 2007 NET INCOME AND EARNINGS PER SHARE

      Pittsburgh,  PA -- WVS Financial Corp. (NASDAQ: WVFC), the holding company
for West View Savings Bank, today reported net income of $3,646,000 or $1.57 per
diluted share, for the fiscal year ended June 30, 2007 as compared to net income
of  $2,846,000  or $1.21  per  diluted  share for the same  period in 2006.  The
$800,000  or 28%  increase in net income  during the fiscal  year was  primarily
attributable  to a  $1,537,000  increase  in  net  interest  income,  which  was
partially offset by a $476,000 increase in income tax expense, a $174,000 change
in provisions for loan losses, a $79,000 decrease in non-interest  income, and a
$8,000  increase in  non-interest  expense.  The increase in net interest income
resulted from the favorable impact of higher short and intermediate  term market
interest  rates on the  Company's  interest  earning  assets  and lower  average
balances of short-term borrowings, which more than offset lower average balances
of interest-earning assets and higher rates paid on short-term borrowings,  time
deposits  and money  market  accounts.  The  increase  in income tax expense was
primarily  attributable  to higher levels of taxable  income.  The change in the
provision for loan losses is primarily due to the absence of a  reallocation  of
loan loss  reserves and lower  recoveries  on past due loans  recorded in fiscal
2006,  and a provision  recorded in fiscal 2007 due to increased  loan  balances
outstanding.  The decrease in non-interest income was primarily  attributable to
the  absence  of a  $30,000  gain  recognized  on the  sale  of  mortgage-backed
securities  in fiscal 2006, a decrease in deposit fee income,  and  decreases in
ATM and  debit  card fee  income.  The  increase  in  non-interest  expense  was
primarily  attributable  to  increases  in employee  related  costs,  which were
partially  offset by decreases in  correspondent  bank service charges and other
operating costs.

      Net income and diluted  earnings per share for the quarter  ended June 30,
2007 totaled  $949,000 and $0.41,  respectively,  compared to $840,000 and $0.36
for the same  period in 2006.  The  $109,000  or 13%  increase in net income was
primarily  attributable to a $190,000 increase in net interest income, which was
partially  offset by a $71,000  increase  in income  tax  expense  and a $11,000
increase in non-interest  expense.  The increase in net interest income resulted
from lower average balances of short-term borrowings and the favorable impact of
higher  short and  intermediate  term  market  interest  rates on the  Company's
interest  earning  assets,  which more than  offset  lower  average  balances of
interest earning assets and higher rates paid on short-term  borrowings and time
deposits. The increase in income tax expense

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<page>

was  attributable  to  increased  levels of  taxable  income.  The  increase  in
non-interest expense was primarily attributable to increases in employee related
costs and data processing  expense,  which were partially offset by decreases in
provisions for losses on off-balance sheet liabilities.

      President and Chief Executive Officer David J. Bursic commented:  "Despite
a challenging  interest rate environment,  and lower earnings throughout much of
the banking industry,  the Company and its employees delivered  impressive gains
in net income,  return on average  stockholders' equity increased to 12.14% from
9.87% and book value per share increased to $13.49 from $12.60.  I would like to
thank the  Company's  stakeholders  - employees,  customers,  Board  Members and
vendors - for their contribution to our success."

      WVS Financial Corp. owns 100% of the outstanding common stock of West View
Savings Bank. The Savings Bank is a  Pennsylvania-chartered,  FDIC savings bank,
which conducts  business from six offices  located in the North Hills suburbs of
Pittsburgh, Pennsylvania.

                               --TABLES ATTACHED--
                                      # # #


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<page>

                       WVS FINANCIAL CORP. AND SUBSIDIARY
                      SELECTED CONSOLIDATED FINANCIAL DATA
                  (Dollars in thousands except per share data)


                                              June 30,        June 30,
                                                2007            2006
                                            (Unaudited)     (Unaudited)
                                            ------------    ------------
Total assets                                $    408,076    $    421,742
Investment securities held-to-maturity           202,664         187,952
Investment securities available-for-sale           8,933           8,469
Mortgage-backed securities held-to-
   maturity                                      119,271         153,461
Mortgage-backed securities available-for-
   sale                                            2,246           2,292
Net loans receivable                              60,350          55,702
Deposits                                         159,377         151,713
FHLB advances: long-term                         130,579         138,579
FHLB advances: short-term                              0          23,150
Other short-term borrowings                       82,950          76,048
Equity                                            31,293          29,418
Book value per share                               13.49           12.60
Return on average assets                            0.90%           0.66%
Return on average equity                           12.14%           9.87%



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<page>

                       WVS FINANCIAL CORP. AND SUBSIDIARY
                      SELECTED CONSOLIDATED OPERATING DATA
                      (In thousands except per share data)
<table>
<caption>

                                            Three Months Ended          Twelve Months Ended
                                                 June 30,                     June 30,
                                               (Unaudited)                  (Unaudited)
                                       --------------------------    -------------------------
                                          2007           2006            2007         2006
                                       -----------    -----------    -----------   -----------

                                    <c>            <c>            <c>           <c>
Interest income                        $     5,910    $     6,162    $    24,310   $    22,248
Interest expense                             3,758          4,200         15,985        15,460
                                       -----------    -----------    -----------   -----------
Net interest income                          2,152          1,962          8,325         6,788
Provision (recovery) for loan losses           (13)           (12)            13          (161)
                                       -----------    -----------    -----------   -----------
Net interest income after
  provision (recovery) for loan losses       2,165          1,974          8,312         6,949
Non-interest income                            160            160            626           705
Non-interest expense                           904            893          3,529         3,521
                                       -----------    -----------    -----------   -----------
Income before income tax
  expense                                    1,421          1,241          5,409         4,133
Income taxes                                   472            401          1,763         1,287
                                       -----------    -----------    -----------   -----------

NET INCOME                             $       949    $       840    $     3,646   $     2,846
                                       ===========    ===========    ===========   ===========

EARNINGS PER SHARE:
  Basic                                $      0.41    $      0.36    $      1.57   $      1.21
  Diluted                              $      0.41    $      0.36    $      1.57   $      1.21

WEIGHTED AVERAGE SHARES OUTSTANDING:
  Basic                                  2,319,030      2,337,349      2,319,928     2,357,217
  Diluted                                2,319,965      2,339,962      2,321,536     2,359,996

</table>

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