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): April 24, 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 April 24, 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 six months  ended  March 31,  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  financial  statements  and
additional  analyses at and for the three  months and six months ended March 31,
2008, as part of its Form 10-QSB for the 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 April 24, 2008, announcing the
                           Company's results of operations and financial
                           condition at and for the three months and six months
                           ended March 31, 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: April 25, 2008                By:    /s/ Elizabeth E. Hance
                                           ------------------------------------
                                           Elizabeth E. Hance
                                           President and Chief Executive Officer







                                  EXHIBIT INDEX

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

   99.1             Press release dated April 24, 2008, announcing the Company's
                    results of operations and financial condition at and for the
                    three months and six months ended March 31, 2008.