<SEC-DOCUMENT>0000943374-25-000073.txt : 20250210
<SEC-HEADER>0000943374-25-000073.hdr.sgml : 20250210
<ACCEPTANCE-DATETIME>20250210091901
ACCESSION NUMBER:		0000943374-25-000073
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250210
DATE AS OF CHANGE:		20250210

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Magyar Bancorp, Inc.
		CENTRAL INDEX KEY:			0001337068
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				204154978
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81304
		FILM NUMBER:		25603920

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Magyar Bank Employee Stock Ownership Plan Trust
		CENTRAL INDEX KEY:			0002054698
		ORGANIZATION NAME:           	
		IRS NUMBER:				204131028
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		400 SOMERSET STREET
		CITY:			NEW BRUNSWICK
		STATE:			NJ
		ZIP:			08901
		BUSINESS PHONE:		732-342-7600

	MAIL ADDRESS:	
		STREET 1:		400 SOMERSET STREET
		CITY:			NEW BRUNSWICK
		STATE:			NJ
		ZIP:			08901
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0002054698</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001337068</issuerCik>
<issuerName>Magyar Bancorp, Inc.</issuerName>
<issuerCusip>55977T208</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>400 Somerset Street</com:street1>
<com:city>New Brunswick</com:city>
<com:stateOrCountry>NJ</com:stateOrCountry>
<com:zipCode>08901</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Magyar Bank Employee Stock Ownership Plan Trust</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>NJ</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>265925</soleVotingPower>
<sharedVotingPower>196284</sharedVotingPower>
<soleDispositivePower>392760</soleDispositivePower>
<sharedDispositivePower>69449</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>462209</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>7.1</classPercent>
<typeOfReportingPerson>EP</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Magyar Bancorp, Inc.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>400 Somerset Street, New Brunswick, New Jersey, 08901</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Magyar Bank&#13;
Employee Stock Ownership Plan Trust&#13;
Trustee: TI-Trust, Inc.</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>c/o TI-Trust, Inc.&#13;
2900 North 23rd Street&#13;
Quincy, Illinois 62305</principalBusinessOfficeOrResidenceAddress>
<citizenship>New Jersey</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>EP</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>462,209</amountBeneficiallyOwned>
<classPercent>7.1</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>265,925</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>196,284</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>392,760</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>69,449</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>N</notApplicableFlag>
<identificationAndClassificationOfGroupMembers>The reporting person is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended.</identificationAndClassificationOfGroupMembers>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>Magyar Bank Employee Stock Ownership Plan Trust</reportingPersonName>
<signatureDetails>
<signature>/s/ Craig Baker</signature>
<title>Craig Baker, VP, TI-Trust, Inc., Trustee</title>
<date>02/06/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
