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        <link:definition>308 - Disclosure - INVESTMENT SECURITIES (Tables)</link:definition>
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        <link:definition>310 - Disclosure - LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)</link:definition>
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        <link:definition>8000 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:definition>
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        <link:definition>8010 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)</link:definition>
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        <link:definition>8020 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)</link:definition>
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        <link:definition>8050 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Components of Accumulated Other Comprehensive Loss) (Details)</link:definition>
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        <link:definition>8310 - Disclosure - ACCRUED INTEREST RECEIVABLE</link:definition>
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        <link:definition>8330 - Disclosure - ACCRUED INTEREST RECEIVABLE (Details)</link:definition>
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        <link:definition>8340 - Disclosure - PREMISES AND EQUIPMENT</link:definition>
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        <link:definition>8350 - Disclosure - PREMISES AND EQUIPMENT (Tables)</link:definition>
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        <link:definition>8360 - Disclosure - PREMISES AND EQUIPMENT (Narrative) (Details)</link:definition>
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        <link:definition>8370 - Disclosure - PREMISES AND EQUIPMENT (Schedule of Premises and Equipment) (Details)</link:definition>
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        <link:definition>8450 - Disclosure - BORROWINGS</link:definition>
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  <xsd:element name="EscrowBalanceHeldForLoansServicedOnBehalfOfOthers" id="mgyr_EscrowBalanceHeldForLoansServicedOnBehalfOfOthers" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="InterestonlyMortgageLoans" id="mgyr_InterestonlyMortgageLoans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NumberOfLoans" id="mgyr_NumberOfLoans" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="InvestmentBeforeTdrModification" id="mgyr_InvestmentBeforeTdrModification" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="InvestmentAfterTdrModification" id="mgyr_InvestmentAfterTdrModification" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LargeDeposits" id="mgyr_LargeDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="LargeCDs" id="mgyr_LargeCDs" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="YearEndingSeptember30Abstract" id="mgyr_YearEndingSeptember30Abstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FederalHomeLoanBankOfNewYorkAdvancesAbstract" id="mgyr_FederalHomeLoanBankOfNewYorkAdvancesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SecuritiesSoldUnderReverseRepurchaseAgreementsAbstract" id="mgyr_SecuritiesSoldUnderReverseRepurchaseAgreementsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LongTermFhlbnyAdvancesAbstract" id="mgyr_LongTermFhlbnyAdvancesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LoansSoldServicingReleased" id="mgyr_LoansSoldServicingReleased" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ValueOfLoansSoldStillBeingServiced" id="mgyr_ValueOfLoansSoldStillBeingServiced" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="SbaLoansBeingServiced" id="mgyr_SbaLoansBeingServiced" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="TaxLossReservesBaseYearAmount" id="mgyr_TaxLossReservesBaseYearAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="IncreaseDecreaseResultingFromAbstract" id="mgyr_IncreaseDecreaseResultingFromAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TemporaryDifferencesAndDeferredTaxEffectAbstract" id="mgyr_TemporaryDifferencesAndDeferredTaxEffectAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxAssetsOtherRealEstateOwned" id="mgyr_DeferredTaxAssetsOtherRealEstateOwned" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DeferredTaxAssetsLiabilitiesNetBeforeAllowance" id="mgyr_DeferredTaxAssetsLiabilitiesNetBeforeAllowance" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="DefinedBenefitPlanInvestmentGoalsEquity" id="mgyr_DefinedBenefitPlanInvestmentGoalsEquity" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DefinedBenefitPlanInvestmentGoalsDebt" id="mgyr_DefinedBenefitPlanInvestmentGoalsDebt" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DefinedBenefitPlanInvestmentGoalsGuidelines" id="mgyr_DefinedBenefitPlanInvestmentGoalsGuidelines" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax" id="mgyr_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ChangeInBenefitObligationsAbstract" id="mgyr_ChangeInBenefitObligationsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChangeInPlanAssetsAbstract" id="mgyr_ChangeInPlanAssetsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DefinedBenefitPlanExpectedFutureBenefitPayments" id="mgyr_DefinedBenefitPlanExpectedFutureBenefitPayments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="NonQualifiedCompensationPlanDescription" id="mgyr_NonQualifiedCompensationPlanDescription" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="RentalExpense" id="mgyr_RentalExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TerminationFeeLehmanBrothers" id="mgyr_TerminationFeeLehmanBrothers" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="BookValueOfInterestRateCollarLehmanBrothers" id="mgyr_BookValueOfInterestRateCollarLehmanBrothers" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="UnrealizedGainOnInterestRateCollarLehmanBrothers" id="mgyr_UnrealizedGainOnInterestRateCollarLehmanBrothers" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="NumberOfImpairedLoans" id="mgyr_NumberOfImpairedLoans" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="FinancingReceivablesImpairedLoansWriteDownCumulative" id="mgyr_FinancingReceivablesImpairedLoansWriteDownCumulative" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ForclosedLoans" id="mgyr_ForclosedLoans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FairValueMeasuredOnRecurringBasisAbstract" id="mgyr_FairValueMeasuredOnRecurringBasisAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Tier1CapitalToRiskweightedAssetsAbstract" id="mgyr_Tier1CapitalToRiskweightedAssetsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="Tier1LeverageCapitalToAverageAssetsAbstract" id="mgyr_Tier1LeverageCapitalToAverageAssetsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LargeCapValueMember" id="mgyr_LargeCapValueMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LargeCapCoreMember" id="mgyr_LargeCapCoreMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MidCapCoreMember" id="mgyr_MidCapCoreMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SmallCapCoreMember" id="mgyr_SmallCapCoreMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NonUSCoreMember" id="mgyr_NonUSCoreMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IntermediateTermCoreMember" id="mgyr_IntermediateTermCoreMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FederalHomeLoanBankAdvancesShortTermBalance" id="mgyr_FederalHomeLoanBankAdvancesShortTermBalance" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ScheduleOfImpairedFinancingReceivableAverageRecordedInvestment" id="mgyr_ScheduleOfImpairedFinancingReceivableAverageRecordedInvestment" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="LoansInProcessOfForeclosure" id="mgyr_LoansInProcessOfForeclosure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LoansAndLeasesReceivableDeferredCost" id="mgyr_LoansAndLeasesReceivableDeferredCost" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="UnearnedEsopSharesCost" id="mgyr_UnearnedEsopSharesCost" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
</xsd:schema>
