| 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)          |

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

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

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

| [  ] | 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                              |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                            |   |
|        On      November 12, 2008, Magyar Bancorp, Inc. (the "Company") issued a press      release regarding its results of operations and financial condition at and      for the three months and twelve months ended September 30,      2008.  The text of the press release is included as Exhibit 99.1      to this report. The information included in the press release text is      considered to be "furnished" under the  Securities Exchange Act      of 1934.  The Company will include final financial statements      and additional analyses at and for the three months and twelve months      ended September 30, 2008, as part of its Form 10-KSB covering that      period. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                            |   |
| 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.                                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | The      following Exhibit is attached as part of this report:                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 99.1                                                                            | Press      release dated November 12, 2008, announcing the Company’s results of      operations and financial condition at and for the three months and twelve      months ended September 30, 2008. |

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|                         |  MAGYAR      BANCORP, INC.            |
|------------------------------|--------------------------------------------|
|                         |                                       |   |
|                         |                                       |   |
|                         |                                       |   |
| DATE:      November 13, 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 November 12, 2008, announcing the Company’s results of      operations and financial condition at and for the three months and twelve      months ended September 30, 2008. |