-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 AserVHnyG5z+ad9KELMo63UXFA94BVymJb4GjzYtYz7S4QEenKFprYh1EnJGEVA6
 ip3XvDUklUx3enNxHtB60g==

<SEC-DOCUMENT>0000943374-10-000200.txt : 20100203
<SEC-HEADER>0000943374-10-000200.hdr.sgml : 20100203
<ACCEPTANCE-DATETIME>20100203160133
ACCESSION NUMBER:		0000943374-10-000200
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100203
DATE AS OF CHANGE:		20100203
EFFECTIVENESS DATE:		20100203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Magyar Bancorp, Inc.
		CENTRAL INDEX KEY:			0001337068
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51726
		FILM NUMBER:		10570678

	BUSINESS ADDRESS:	
		STREET 1:		400 SOMERSET STREET
		CITY:			NEW BRUNSWICK
		STATE:			NJ
		ZIP:			08901
		BUSINESS PHONE:		732-249-2438

	MAIL ADDRESS:	
		STREET 1:		400 SOMERSET STREET
		CITY:			NEW BRUNSWICK
		STATE:			NJ
		ZIP:			08901
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>sched14a_020310.txt
<DESCRIPTION>SCHEDULE 14A FEBRUARY 3, 2010
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                  SCHEDULE 14A
                                 (Rule 14A-101)

                     INFORMATION REQUIRED IN PROXY STATEMENT
                            SCHEDULE 14A INFORMATION

                Proxy Statement Pursuant to Section 14(a) of the
                         Securities Exchange Act of 1934
                                (Amendment No.__)

Filed by the Registrant [X]     Filed by a Party other than the Registrant [ ]

Check the appropriate box:
   [ ] Preliminary Proxy Statement
   [ ] Confidential, for Use of the Commission Only
       (as permitted by Rule 14a-6(e)(2))
   [ ] Definitive Proxy Statement
   [X] Definitive Additional Materials
   [ ] Soliciting Material pursuant to ss.240.14a-12


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



- -------------------------------------------------------------------------------
        (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[ ]      No fee required.

[ ]      Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
         0-11.

         1. Title of each class of securities to which transaction applies:

            -------------------------------------------------------------------

         2. Aggregate number of securities to which transaction applies:

            -------------------------------------------------------------------

         3. Per unit price or other underlying value of transaction computed
            pursuant to Exchange Act Rule 0-11 (set forth the amount on which
            the filing fee is calculated and state how it was determined):

            -------------------------------------------------------------------

         4. Proposed maximum aggregate value of transaction:

            -------------------------------------------------------------------
         5. Total fee paid:

            -------------------------------------------------------------------

[ ]      Fee paid previously with preliminary materials: ______________________


[ ]      Check box if any part of the fee is offset as provided by Exchange Act
         Rule 0-11(a)(2) and identify the filing for which the offsetting fee
         was paid previously.  Identify the previous filing by registration
         statement number, or the Form or Schedule and the date of its filing.
<PAGE>

         1. Amount Previously Paid:

            -------------------------------------------------------------------

         2. Form, Schedule or Registration Statement No.:

            -------------------------------------------------------------------

         3. Filing Party:

            -------------------------------------------------------------------

         4. Date Filed:

            -------------------------------------------------------------------


<PAGE>


400 Somerset St., New Brunswick, NJ 08901
732.342.7600


             Magyar Bancorp Board Announces Reduction of Board Fees

New  Brunswick,  NJ--February  3,  2010--The  Magyar  Bancorp Board of Directors
announced  today that  during its annual  organizational  meeting on January 28,
2010, the Board approved the suspension of the directors' quarterly retainer for
Fiscal Year 2010.  The  decision to suspend this  retainer  reflects the Board's
recognition of the current difficult  economic climate,  which resulted in a net
loss for the Company during Fiscal Year 2009.  When combined with the previously
announced reduction in the size of the Board to seven members, the suspension is
expected to reduce the cash compensation paid to directors by 24% in Fiscal Year
2010.

The fast-changing and adverse economic environment that prevailed in Fiscal Year
2009  necessitated  greater than normal Board  oversight  and  direction,  and a
higher than normal number of Board  Meetings.  While  Director  compensation  in
Fiscal Year 2009 was higher than the previous year,  this was primarily a result
of the increased  number of Board  meetings in 2009, and not an increase in fees
paid to Directors.  The Board expects the number of meetings to return to a more
regular  schedule in 2010, which will further reduce cash  compensation  paid to
directors.

The  Board and  Management  are  encouraged  by  recent  positive  trends in the
Company's  operating  results,  as announced  in the  Company's  earnings  press
release of January 25, 2010. The Board remains  committed to continued  earnings
improvement  and progress in  stabilizing  and resolving  the  Company's  credit
issues.

The Company's annual meeting of stockholders  will be held on February 23, 2010.
The Board of Directors  reiterates its  recommendation  that  shareholders  vote

<PAGE>


"FOR" each of the nominees for director  listed in the Company's Proxy Statement
and  "FOR"  the  ratification  of the  appointment  of  ParenteBeard  LLC as the
Company's  independent  registered  public  accounting  firm for the year ending
September 30, 2010.

About Magyar Bancorp

Magyar  Bancorp  (NASDAQ:  MGYR) is the parent  company of Magyar  Bank,  a $558
million asset community bank headquartered in New Brunswick,  New Jersey. Magyar
Bank has been serving  families and  businesses in Central New Jersey since 1922
with a complete  line of  financial  products  and  services,  and today  Magyar
operates five branch locations in Branchburg New Brunswick, North Brunswick, and
South Brunswick. Visit Magyar online at www.magbank.com.

Contact: John Reissner, Vice President, Marketing Director, 732.214.2083


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
