UNITED STATES
                       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


                                October 18, 2007
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                Date of Report (Date of earliest event reported)


                               WVS Financial Corp.
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             (Exact name of registrant as specified in its charter)


Pennsylvania                              0-22444                     25-1710500
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(State or other                   (Commission File Number)         (IRS Employer
jurisdiction of incorporation)                               Identification No.)


9001 Perry Highway, Pittsburgh, Pennsylvania                               15237
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(Address of principal executive offices)                              (Zip Code)


                                 (412) 364-1913
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              (Registrant's telephone number, including area code)


                                 Not Applicable
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              (Former name, former address and former fiscal year,
                          if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy  the  obligation  of  the  registrant  under  any of the
following provisions (see General Instruction A.2. below):

[_]      Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

[_]      Soliciting  material pursuant to Rule 14a-12 under Exchange Act (17 CFR
         240.14a-12)

[_]      Pre-commencement  communications  pursuant to Rule  14d-2(b)  under the
         Exchange Act (17 CFR 240.14d- 2(b))

[_]      Pre-commencement  communications  pursuant to Rule  13e-4(c)  under the
         Exchange Act (17 CFR 240.13e- 4(c))

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Item 2.02    Results of Operations and Financial Condition

On October  18,  2007,  WVS  Financial  Corp.  issued a press  release to report
increased  first  quarter  earnings  per share and income  for the period  ended
September  30, 2007.  A copy of the press  release is furnished as Exhibit 99 to
this Form 8-K.

Item 9.01    Financial Statements and Exhibits

    (a)      Not applicable

    (b)      Not applicable

    (c)      Not applicable

    (d)      Exhibits

             Exhibit 99 - Press Release, dated October 18, 2007.


This information,  including the press release filed as Exhibit 99, shall not be
deemed to be "filed" for purposes of Section 18 of the  Securities  Exchange Act
of 1934 nor shall it be deemed to be  incorporated  by  reference  in any filing
under the Securities Act of 1933.



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<page>

                                   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 thereunto duly authorized.

                                                  WVS FINANCIAL CORP.



Dated:  October 18, 2007                          By:  /s/ David J. Bursic
                                                       -------------------------
                                                       David J. Bursic
                                                       President and
                                                       Chief Executive Officer







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