Exhibit 99




Release Date:                                        Further Information:

IMMEDIATE RELEASE                                    David J. Bursic
August 14, 2007                                      President and
                                                     Chief Executive Officer
                                                              -or-
                                                     Pamela M. Tracy
                                                     Investor Relations
                                                     Phone: (412) 364-1913


                        WVS FINANCIAL CORP. TO REPURCHASE
                      UP TO 125,000 SHARES OF COMMON STOCK

         PITTSBURGH,   PENNSYLVANIA--WVS  Financial  Corp.  (NASDAQ:WVFC),   the
holding  company for West View Savings Bank,  announced today that the Company's
Board of Directors  authorized  its Ninth Stock  Repurchase  Program.  The Ninth
Stock Repurchase  Program will total 125,000 shares,  or approximately  5.50% of
the 2,271,885  shares expected to be outstanding  upon completion of the current
Eighth Stock  Repurchase  Program,  and will  commence  upon  completion  of the
current  repurchase  program.  As of August 13, 2007, 10,520 shares remain to be
repurchased  under the current  program as the Company has  repurchased  114,480
shares.

         Repurchases  are authorized to be made by the Company from time to time
in open-market transactions as, in the opinion of management,  market conditions
warrant.  The  repurchased  shares  will be held as  treasury  stock  and may be
reserved for issuance pursuant to the Company's stock benefit plans.

         WVS Financial Corp.  owns 100% of the outstanding  common stock of West
View Savings Bank.  The Savings Bank is a  Pennsylvania-chartered,  FDIC-insured
savings bank which  conducts  business in the North Hills suburbs of Pittsburgh,
Pennsylvania.

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