Chemung Canal Trust Company

Overview / Commentary
1 Chemung Canal Plaza
Elmira, NY 14901

Chemung Canal Trust Company is headquartered in ELMIRA and is the 30th largest bank in the state of New York. It is also the 432nd largest bank in the nation. It was established in 1833 and as of March of 2024, it had grown to 322 employees at 31 locations. Chemung Canal Trust Company has a B+ health rating.

Reviews (2)

Great Bank!

Posted by: |

I used other banks before I used Chemung Canal, but I have never been happier. Every time I need to know my account balance, I just call, and the girls are very helpful. A few months back, I noticed some charges on my account that I didn't recognize. All I had to do was go fill out a simple form, and they took care of the rest, getting me my money back in my account. I also like how friendly and easy going through the drive-up is. The bank offers web banking which makes things more convenient. Also, they're all really nice when I take my dog through by giving him treats.

I Love This Bank!!!

I switched to using Chemung Canal as my bank after a bad experience with my last bank. The day I went to the bank, the workers were all very friendly and efficient. They helped me open a new checking account quickly and even gave me some starter checks until the box that I ordered came in. At Chemung Canal, they also offered me over draft protection, which I took, and it makes me feel a lot better about my account. Anytime I have noticed something on my statement that I don't understand, they take the time to explain it to me. I have also had a lot of luck in filing disputes with them and getting my money back. They're a great bank to deal with.


Health Grade Components

FDIC Certificate #597
Year Established1833
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD15.16%
Annual Interest Income$31.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.78B$2.65B
LoansQ1 2024vs Q1 2023$1.98B$1.85B
DepositsQ1 2024vs Q1 2023$2.49B$2.34B
Equity CapitalQ1 2024vs Q1 2023$188.5MM$168MM
Loan Loss AllowanceQ1 2024vs Q1 2023$20.5MM$20.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.8MM$7.7MM
Real Estate OwnedQ1 2024vs Q1 2023$559K$196K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chemung Canal Trust Company Savings Account Rates

0.03%*$25k*-Health Savings
OTHER TIERS: 0.02% $100 - $25k
0.02%$250-Personal Savings

Chemung Canal Trust Company Money Market Rates

0.10%*$1m*-IRA Money Market
OTHER TIERS: 0.03% $25k - $100k | 0.05% $100k - $500k | 0.07% $500k - $1m
0.10%*$25k*-Personal Prestige IMMA
OTHER TIERS: 0.05% $1k - $25k
0.03%*$25k*-Money Market
OTHER TIERS: 0.02% $1k - $25k

Chemung Canal Trust Company Checking Account Rates

0.02%$1k-NOW Account

Chemung Canal Trust Company CD Rates

5.00%$10k$1m9 Month Special CD - New Money
4.00%$10k$1m15 Month Special CD - New Money
0.60%$1k-60 Month CD
0.60%$1k-84 Month CD
0.55%$1k-48 Month CD
0.45%$1k-36 Month CD
0.35%$1k-24 Month CD
0.35%$1k-30 Month CD
0.20%$1k-12 Month CD
0.20%$1k-18 Month CD
0.10%$1k-6 Month CD
0.05%$2.5k-7 - 89 Day CD
0.05%$1k-3 Month CD

Chemung Canal Trust Company IRA Rates

0.60%$1k-60 Month IRA
0.60%$1k-84 Month IRA
0.55%$1k-48 Month IRA
0.45%$1k-36 Month IRA
0.35%$1k-24 Month IRA
0.35%$1k-30 Month IRA
0.20%$1k-12 Month IRA
0.20%$1k-18 Month IRA
0.10%$1k-6 Month IRA
0.05%$1k-3 Month IRA
0.03%$100-18 Month Variable IRA


Elmira Area

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