Exhibit 99




Release Date:                                           Further Information:

IMMEDIATE RELEASE                                       David J. Bursic
August 26, 2008                                         President and
                                                        Chief Executive Officer
                                                                -or-
                                                        Pamela M. Tracy
                                                        Investor Relations
                                                        Phone: (412) 364-1913


                        WVS FINANCIAL CORP. TO REPURCHASE
                       UP TO 40,000 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 an additional 40,000 shares to be purchased under its Ninth
Stock  Repurchase  Program.  As of August 26, 2008,  66,034  shares remain to be
repurchased  (including  the 40,000  additional  shares  authorized  today) with
98,966 shares already  purchased under the Ninth Stock Repurchase  Program.  The
remaining 66,034 shares authorized to be purchased total approximately 3% of the
Company's outstanding shares on August 25, 2008.

      Repurchases  are authorized to be made by the Company from time to time in
open-market or private  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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