| Delaware                                                                         | 0-51726                                | 20-4154978                           |
|----------------------------------------------------------------------------------|----------------------------------------|--------------------------------------|
| (State                  or Other Jurisdiction)                                   | (Commission                  File No.) | (I.R.S.                  Employer    |
| of                  Incorporation)                                               |                                   | Identification                  No.) |
|                                                                             |                                   |                                 |
|                                                                             |                                   |                                 |
| 400                  Somerset Street,                  New Brunswick, New Jersey |                                   | 08901                                |
| (Address                  of Principal Executive Offices)                        |                                   | (Zip                  Code)          |

| o | Written                  communications pursuant to Rule 425 under the Securities Act (17                  CFR                  230.425) |
|---|------------------------------------------------------------------------------------------------------------------------------------------|

| o | Soliciting                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR                  240.14a-12) |
|---|--------------------------------------------------------------------------------------------------------------------------|

| o | Pre-commencement                  communications pursuant to Rule 14d-2(b) under the Exchange Act                  (17 CFR                  240.14d-2(b)) |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | Pre-commencement                  communications pursuant to Rule 13e-4(c) under the Exchange Act                  (17 CFR                  240.13e-4(c)) |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item                  2.02 | Results                  of Operations and Financial                  Condition |
|----------------------------|---------------------------------------------------------------------------------|

| Item                  9.01 | Financial                  Statements                  and Exhibits |
|----------------------------|---------------------------------------------------------------------|

| (a) | Financial                  Statements of businesses acquired. Not Applicable. |
|-----|-------------------------------------------------------------------------------|

| (b) | Pro                  forma financial information. Not Applicable. |
|-----|-------------------------------------------------------------------|

| (c) | Shell                  Company Transactions. Not Applicable |
|-----|-------------------------------------------------------------|

| (d) | Exhibits. |
|-----|-----------|

|   | 99.1 | Press                  release dated January 23, 2008, announcing the Company’s results of                  operations and financial condition at and for the three months                  ended                  December 31, 2007. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                    | MAGYAR                  BANCORP, INC. |
|-----------------------------------------|---------------------------------------|
|                                    |                                  |   |
|                                    |                                  |   |
|                                    |                                  |   |
| DATE:                  January 23, 2008 | By:                                   | /s/                  Elizabeth E. Hance |
|                                    |                                  | Elizabeth                  E. Hance |
|                                    |                                  | President                  and Chief Executive Officer |

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|                         |                                                                                                                                                                                                                                        |
|------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |                                                                                                                                                                                                                                        |
| Exhibit                  No. | Description                                                                                                                                                                                                                                 |
|                         |                                                                                                                                                                                                                                        |
| 99.1                         | Press                  release dated January 23, 2008, announcing the Company’s results of                  operations and financial condition at and for the three months                  ended                  December 31, 2007. |