UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): July 29, 2008

                              MAGYAR BANCORP, INC.
                              --------------------
               (Exact Name of Registrant as Specified in Charter)

            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)

Registrant's telephone number, including area code:  (732) 342-7600
                                                     --------------



                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ]  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))






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

     On July 29, 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 nine  months  ended June 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 nine months ended June 30,
2008, as part of its Form 10-QSB 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 July 29, 2008, announcing the
                    Company's results of operations and financial
                    condition at and for the three months and nine months
                    ended June 30, 2008.










                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                     MAGYAR BANCORP, INC.



DATE: July 29, 2008                    By: /s/ Elizabeth E. Hance
                                           ---------------------------------
                                       Elizabeth E. Hance
                                       President and Chief Executive Officer







                                  EXHIBIT INDEX

         Exhibit No.              Description
         -----------              -----------

          99.1                    Press release dated July 29, 2008, announcing
                                  the Company's results of operations and
                                  financial  condition  at and for the three
                                  months and nine months ended June 30, 2008.