UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 10-Q/A







|x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------------

For the quarterly period ended December 31, 2010

or



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------

For the transition period from  to

Commission File Number: 0-22444





WVS Financial Corp.

(Exact name of registrant as specified in its charter)







|                                                               |  |                                        
|-------------------------------------------------------------- |  | ---------------------------------------
|Pennsylvania                                                   |  | 25-1710500                             
|(State or other jurisdiction of
incorporation or organization) |  | (I.R.S. Employer Identification Number)
|                                                               | 
|9001 Perry Highway Pittsburgh, Pennsylvania                    |  | 15237                                  
|(Address of principal executive offices)                       |  | (Zip Code)                             
|                                                              
|(412) 364-1911                                                
|(Registrants telephone number, including area code)          





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirement for the past 90
days.    YES  x    NO   ̈

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
files).    YES   ̈    NO   ̈

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.



|                        |  |                                                  |  |                           |  |  
|----------------------- |  | ------------------------------------------------ |  | ------------------------- |  | -
|Large accelerated filer |  |  ̈                                                |  | Accelerated filer         |  |  ̈
|                        |  |                                                  | 
|Non-accelerated filer   |  |  ̈  (Do not check if a smaller reporting company) |  | Smaller reporting company |  | x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12 b-2 of the Exchange
Act).    YES   ̈    NO  x

Shares outstanding as of February 9, 2011: 2,057,930 shares Common Stock, $.01 par value.









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EXPLANATORY NOTE

This Amendment to WVS Financial Corporations Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2010 is being filed to amend Part 1, Item 4. Controls and Procedures.



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PART I



|ITEM 4. | CONTROLS AND PROCEDURES
|------- | -----------------------

As of
December 31, 2010, an evaluation was performed under the supervision and with the participation of the Companys management, including the Chief Executive Officer and the Chief Accounting Officer, on the effectiveness of the design and
operation of the Companys disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)). Based on that evaluation, the Companys
management, including the Chief Executive Officer and the Chief Accounting Officer concluded that the Companys disclosure controls and procedures were effective as of December 31, 2010.

Disclosure controls and procedures are the controls and other procedures that are designed to ensure that the information required to be disclosed by the
Company in its reports filed and submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commissions rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that information required to be disclosed by the Company in its reports filed under the Exchange Act is accumulated and communicated to the Companys management, including
the principal executive officer and principal accounting officer, as appropriate to allow timely decisions regarding required disclosure.

During the quarter ended December 31, 2010, no change in the Companys internal controls over financial reporting (as defined in Rules
13a-15(f) and 15d-15(f) under the Exchange Act) has occurred during the quarter ended December 31, 2010 that has materially affected, or is reasonably likely to materially affect, the Companys internal controls over financial reporting.



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PART II - OTHER INFORMATION



|ITEM 6. | Exhibits
|------- | --------

The following exhibits are filed as part of this Form 10-Q/A, and this list includes the Exhibit Index.



|       |  |                                                                          |  |      |     | 
|------ |  | ------------------------------------------------------------------------ |  | ---- | --- | 
|Number |  | Description                                                              |  | Page |    
|       |  |                                                                         
|31.1   |  | Rule 13a-14(a) / 15d-14(a) Certification of the Chief Executive Officer  |  |      | E-1 | 
|       |  |                                                                         
|31.2   |  | Rule 13a-14(a) / 15d-14(a) Certification of the Chief Accounting Officer |  |      | E-2 | 
|       |  |                                                                         
|32.1   |  | Section 1350 Certification of the Chief Executive Officer                |  |      | E-3 | 
|       |  |                                                                         
|32.2   |  | Section 1350 Certification of the Chief Accounting Officer               |  |      | E-4 | 
|       |  |                                                                         
|99     |  | Report of Independent Registered Public Accounting Firm                  |  |      | *   | 



|* | Previously filed.
|- | -----------------



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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.                                                                                   
|            |  |    
|May 2, 2011 |  | BY: |  | /s/ David J. Bursic                                                                                   
|Date        |  |     |  | David J. Bursic President
and Chief Executive Officer (Principal Executive Officer)                   
|            |  |    
|May 2, 2011 |  | BY: |  | /s/ Keith A. Simpson                                                                                  
|Date        |  |     |  | Keith A. Simpson
Vice-President, Treasurer and Chief Accounting Officer (Principal Accounting Officer)



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