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


                                 April 24, 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 8.01   Other Events

On April 24, 2007,  WVS Financial  Corp.  announced  that its Board of Directors
declared a quarterly cash dividend of $0.16 per share payable on May 24, 2007 to
stockholders of record on May 14, 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)   Exhibits

            Exhibit 99 - Press Release, dated April 24, 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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                                   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:  April 24, 2007                         By:   /s/ David J. Bursic
                                                     ---------------------------
                                                     David J. Bursic
                                                     President and
                                                     Chief Executive Officer





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