Exhibit 99.1


FOR IMMEDIATE RELEASE                                FOR FURTHER INFORMATION
April 18, 2007                                       Brendan J. McGill
                                                     Senior Vice President & CFO
                                                     (215-256-8828

SUMMARY:  Harleysville Savings Financial Corporation Announces Declaration
of Regular Cash Dividend and Second Quarter Earnings for Fiscal Year 2007

      Harleysville,   PA.  April  18,  2007  -  Harleysville  Savings  Financial
Corporation  (NASDAQ:HARL)  reported today that the Company's board of directors
declared a regular  quarterly  cash  dividend of $.17 per share on the Company's
common stock.  This is the 79th consecutive  quarter that the Company has paid a
cash dividend to its stockholders.  The cash dividend will be payable on May 23,
2007 to stockholders of record on May 9, 2007.

      Net income for the second quarter of fiscal year 2007 amounted to $904,000
or $.23 per diluted  share  compared to $1,161,000 or $.29 per diluted share for
the same quarter a year ago.

      Net income for the six months ended March 31, 2007  amounted to $1,661,000
or $.43 per diluted  share  compared to $2,242,000 or $.57 per diluted share for
the same six-month period a year ago.

      Ron Geib,  President and Chief Executive  Officer of Harleysville  Savings
Financial  Corporation  states: "The Company's margins remain under pressure due
to a continued  flat yield curve that is impacting all banks.  While the results
for the quarter reflect our continued strong asset quality, good loan growth and
growth in non-interest  income, they were overcome by the continued net interest
margin  compression.  The  earnings  per  share  decrease  was a  result  of the
continued  net interest  margin  compression  and the  increase in  non-interest
expenses due to long term strategic investments. While the current interest rate
environment  has a negative  impact on the current  earnings of the Company,  we
will not make decisions that have a short-term benefit with a long-term cost".

      The decrease in the net interest income for the  three-month  period ended
March 31, 2007 when compared to the same period in 2006 can be attributed to the
decrease  in  interest  rate  spread  to 1.40% in 2007 from  1.57% in 2006.  Net
interest  income was $2.94  million for the  three-month  period ended March 31,
2007 compared to $3.26 million for the comparable  period in 2006. The Company's
efficiency   ratio,   which  was  also  impacted  by  the  net  interest  margin
compression,  for the three  months ended March 31, 2007 and 2006 was 69.57% and
57.42%, respectively.

      The decrease in the net  interest  income for the  six-month  period ended
March 31, 2007 when compared to the same period in 2006 can be attributed to the
decrease  in  interest  rate  spread  to 1.36% in 2007 from  1.51% in 2006.  Net
interest  income was $5.7 million for the six-month  period ended March 31, 2007
compared to $6.3 million for the same period in 2006.

      Non-interest income increased to $546,000 for the three-month period ended
March 31, 2007 from $282,000 for the comparable  period in 2006. The increase is
due to the fact that the Company sold  investments  for a gain of  approximately
$160,000 and had approximately $48,000, $22,000 and $10,000 of additional income
from fees associated with transaction  accounts,  fees associated with loans and
additional

<page>

Bank Owned Life Insurance ("BOLI") income.

      Non-interest  income  increased to $938,000 for the six-month period ended
March 31, 2007 from $603,000 for the comparable  period in 2006. The increase is
due to the fact that the Company sold  investments  for a gain of  approximately
$160,000  and had  approximately  $101,000,  $35,000 and  $15,000 of  additional
income from fees  associated  with  transaction  accounts,  fees associated with
loans and additional BOLI income.

      For the three month  period ended March 31,  2007,  non-interest  expenses
increased by $284,000 or 14.0% to $2.3 million  compared to $2.0 million for the
same period in 2006. For the six month period ended March 31, 2007, non-interest
expenses  increased  by  $570,000  or 14.24% to $4.6  million  compared  to $4.0
million  for the same  period  in  2006.  Management  believes  that  these  are
reasonable  increases in the cost of operations after  considering the impact of
opening a new branch location in June of 2006 and additional expenses related to
the  Company's  new  commercial  loan   department.   The  annualized  ratio  of
non-interest  expenses  to average  assets  for the three and six month  periods
ended March 31, 2007 and 2006 were 1.23%, 1.21% and 1.06%, 1.04%, respectively.

      The  Company's  assets  decreased  to $763.6  million as of March 31, 2007
compared to $769.9 million in 2006. Stockholders' book value increased to $12.72
per share from $12.41 a year ago. As of March 31, 2007, the Company had $247,000
or 0.03% of non-performing loans to assets.

      Harleysville  Savings  Financial  Corporation  is the holding  company for
Harleysville Savings Bank.  Established in 1915,  Harleysville Savings Bank is a
Pennsylvania  chartered and federally  insured  savings bank.  Headquartered  in
Harleysville,  PA.  Harleysville is located in central Montgomery County,  which
has the third largest  population  base and the second highest per capita income
in the state of Pennsylvania.

      This  presentation  may  contain  forward-looking  statements  (within the
meaning of the Private Securities Litigation Reform Act of 1995). Actual results
may  differ  materially  from the  results  discussed  in these  forward-looking
statements.  Factors  that might cause such a  difference  include,  but are not
limited to, general  economic  conditions,  changes in interest  rates,  deposit
flows,  loan demand,  real estate values and competition;  changes in accounting
principles,  policies, or guidelines;  changes in legislation or regulation; and
other economic; competitive, governmental, regulatory, and technological factors
affecting the Company's operations, pricing, products and services.

<page>
Harleysville Savings Financial Corporation
Selected Consolidated  Financial Data as of March 31, 2007

<table>
<caption>
(Dollars in thousands except per share data)         Year-To-Date
                                               ------------------------    ------------------------
((1) Unaudited)                                    Six Months Ended:          Three Months Ended:
                                               ------------------------    ------------------------
                                                 Mar 31,       Mar 31,       Mar 31,       Mar 31,
Selected Consolidated Earnings Data             2007 (1)      2006 (1)      2007 (1)      2006 (1)
--------------------------------------------   ----------    ----------    ----------    ----------

                                            <c>           <c>           <c>           <c>
Total interest income                          $   19,731    $   19,105    $    9,899    $    9,635
Total interest expense                             13,985        12,792         6,957         6,371
                                               ----------    ----------    ----------    ----------

Net Interest Income                                 5,746         6,313         2,942         3,264
Provision for loan losses                              --            --            --            --
                                               ----------    ----------    ----------    ----------
Net Interest Income after Provision for Loan
Losses                                              5,746         6,313         2,942         3,264
                                               ----------    ----------    ----------    ----------

Gain on sale of investments                           160             9           160             9
Other income                                          778           594           386           273
Total non interest expenses                         4,574         4,004         2,315         2,031
                                               ----------    ----------    ----------    ----------

Income before income taxes                          2,110         2,912         1,173         1,515
Income tax expense                                    449           670           269           354
                                               ----------    ----------    ----------    ----------

Net Income                                     $    1,661    $    2,242    $      904    $    1,161
                                               ==========    ==========    ==========    ==========
<caption>

Per Common Share Data
--------------------------------------------

                                            <c>           <c>           <c>           <c>
Basic earnings                                 $     0.43    $     0.58    $     0.23    $     0.30
Diluted earnings                               $     0.43    $     0.57    $     0.23    $     0.29
Dividends                                      $     0.34    $     0.31    $     0.17    $     0.16
Book value                                     $    12.72    $    12.41    $    12.72         12.41
Shares outstanding                              3,869,812     3,864,665     3,869,812     3,864,665
Average shares outstanding - basic              3,859,201     3,898,099     3,864,189     3,893,428
Average shares outstanding - diluted            3,892,782     3,949,506     3,891,445     3,953,751

<caption>
                                                     Year-To-Date
                                               ------------------------    ------------------------
                                                   Six Months Ended:          Three Months Ended:
                                               ------------------------    ------------------------
                                                 Mar 31,       Mar 31,       Mar 31,       Mar 31,
Other Selected Consolidated Data                 2007 (1)      2006 (1)      2007 (1)      2006 (1)
--------------------------------------------   ----------    ----------    ----------    ----------

                                            <c>           <c>           <c>           <c>
Return on average assets                             0.44%         0.58%         0.48%         0.60%
Return on average equity                             6.83%         9.36%         7.41%         9.64%
Net interest income rate spread                      1.36%         1.51%         1.40%         1.57%
Net yield on interest earning assets                 1.59%         1.70%         1.64%         1.76%
Operating expenses to average assets                 1.21%         1.04%         1.23%         1.06%
Efficiency ratio                                    70.12%        57.97%        69.57%        57.42%
Ratio of non-performing loans to total
  assets at end of period                            0.03%         0.00%         0.03%         0.00%
Loan loss reserve to total loans, net                0.49%         0.53%         0.49%         0.53%

<caption>
                                               -----------------------------------------------------------------
                                                 Mar 31,       Dec 31,       Sept 30,      June 30,     Mar 31,
Selected Consolidated Financial Data             2007 (1)      2006 (1)      2006 (1)      2006 (1)     2006 (1)
--------------------------------------------   -----------------------------------------------------------------

                                            <c>           <c>           <c>           <c>           <c>

Total assets                                   $  763,635    $  749,786    $  775,638    $  775,181    $ 769,924
Loans receivable - net                            399,799       390,919       385,450       378,792      370,258
Loan loss reserve                                   1,946         1,952         1,956         1,955        1,960
Cash & investment securities                      122,222       106,870       129,257       124,779      118,986
Mortgage-backed securities                        199,176       210,555       220,314       230,430      241,633
FHLB stock                                         13,809        14,501        15,499        15,265       14,583
Deposits                                          434,471       430,128       429,254       433,684      431,866
Advances                                          274,154       265,870       294,611       286,242      284,891
Total stockholders' equity                         49,208        48,817        48,471        48,014       47,955

</table>