Exhibit 99


Release Date:                                              Further Information:

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


         WVS FINANCIAL CORP. ANNOUNCES INCREASED THIRD QUARTER AND NINE
         MONTHS ENDED MARCH 31, 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 $2,697,000 or $1.16 per
diluted  share,  for the nine  months  ended  March 31,  2007 as compared to net
income of $2,006,000 or $0.85 per diluted share for the same period in 2006. The
$691,000  or 34%  increase in net income  during the nine  months was  primarily
attributable  to a  $1,346,000  increase  in net  interest  income  and a $4,000
decrease in  non-interest  expense,  which were  partially  offset by a $405,000
increase in income tax expense,  a $174,000 change in provisions for loan losses
and a $80,000  decrease in  non-interest  income.  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,  which more than
offset higher rates paid on other 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 and decreases in ATM
and debit card fee income.  The decrease in  non-interest  expense was primarily
attributable  to decreases in data  processing  expense and  correspondent  bank
services  charges which were partially  offset by increases in employee  related
costs.

      Net income and diluted  earnings per share for the quarter ended March 31,
2007 totaled  $955,000 and $0.41,  respectively,  compared to $788,000 and $0.34
for the same  period in 2006.  The  $167,000  or 21%  increase in net income was
primarily  attributable  to a $321,000  increase  in net  interest  income and a
$40,000  decrease in  non-interest  expense,  which were  partially  offset by a
$103,000 increase in income tax expense, a $72,000 change in provisions for loan
losses and a $19,000  decrease  in  non-interest  income.  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 other  short-term  borrowings,  which more than
offset higher rates paid on other short-term

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borrowings and time  deposits,  and lower average  balances of interest  earning
assets.  The increase in income tax expense was attributable to increased levels
of  taxable  income.   The  decrease  in   non-interest   income  was  primarily
attributable  to decreases in deposit fee income and  decreases in ATM and debit
card fee income. The decrease in non-interest expense was primarily attributable
to decreases in  correspondent  bank service charges,  data processing  expense,
outside service fees and provisions for off-balance sheet liabilities.

      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)


                                                     March 31,      June 30,
                                                       2007           2006
                                                    (Unaudited)    (Unaudited)
                                                    -----------    -----------

Total assets                                         $389,742       $421,742
Investment securities held-to-maturity                180,433        187,952
Investment securities available-for-sale                4,487          8,469
Mortgage-backed securities held-to-
   maturity                                           128,397        153,461
Mortgage-backed securities available-for-
   sale                                                 2,271          2,292
Net loans receivable                                   60,547         55,702
Deposits                                              156,298        151,713
FHLB advances: long-term                              133,579        138,579
FHLB advances: short-term                                   0         23,150
Other short-term borrowings                            64,500         76,048
Equity                                                 30,739         29,418
Book value per share                                    13.25          12.60
Return on average assets                                 0.88%          0.66%
Return on average equity                                12.09%          9.87%


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<page>
<table>
<caption>


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

                                           Three Months Ended           Nine Months Ended
                                               March 31,                    March 31,
                                              (Unaudited)                  (Unaudited)
                                       -------------------------    -------------------------
                                          2007           2006           2007         2006
                                       -----------   -----------    -----------   -----------

                                    <c>           <c>            <c>           <c>
Interest income                        $     6,051   $     5,954    $    18,400   $    16,087
Interest expense                             3,867         4,091         12,227        11,260
                                       -----------   -----------    -----------   -----------
Net interest income                          2,184         1,863          6,173         4,827
Provision (recovery) for loan losses            34           (38)            25          (149)
                                       -----------   -----------    -----------   -----------
Net interest income after
  provision for loan losses                  2,150         1,901          6,148         4,976
Non-interest income                            152           171            465           545
Non-interest expense                           832           872          2,625         2,629
                                       -----------   -----------    -----------   -----------
Income before income tax
  expense                                    1,470         1,200          3,988         2,892
Income taxes                                   515           412          1,291           886
                                       -----------   -----------    -----------   -----------

NET INCOME                             $       955   $       788    $     2,697   $     2,006
                                       ===========   ===========    ===========   ===========

EARNINGS PER SHARE:
  Basic                                $      0.41   $      0.34    $      1.16   $      0.85
  Diluted                              $      0.41   $      0.34    $      1.16   $      0.85

WEIGHTED AVERAGE SHARES OUTSTANDING:
  Basic                                  2,322,862     2,346,959      2,320,227     2,363,817
  Diluted                                2,324,278     2,348,619      2,322,059     2,366,651


</table>

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