**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      8-K**

**CURRENT      REPORT**

**MAGYAR      BANCORP, INC.**

| 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)) |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **Item                5.03(a).** | **Amendments                to Articles of Incorporation or Bylaws; Change in Fiscal                Year** |
|----------------------------------|------------------------------------------------------------------------------------------------------------|

| **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 | Magyar                Bancorp, Inc. Bylaws, as amended |
|--------|------|--------------------------------------------------------|

----

**SIGNATURES**

|                                   | **MAGYAR                BANCORP, INC.**              |                                  |
|----------------------------------------|------------------------------------------------------|---------------------------------------|
|                                   |                                                 |                                  |   |
|                                   |                                                 |                                  |   |
|                                   |                                                 |                                  |   |
| DATE:                November 16, 2007 | By:                                                  | /s/                Elizabeth E. Hance |   |
|                                   | Elizabeth                E. Hance                    |                                  |
|                                   | President                and Chief Executive Officer |                                  |

----

**EXHIBIT      INDEX**

| Exhibit                No. | Description                                             |
|----------------------------|---------------------------------------------------------|
|                       |                                                    |
| 99.1                       | Magyar                Bancorp, Inc. Bylaws, as amended. |