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Chemung Canal Trust Company

Overview / Commentary
One Chemung Canal Plaza
Elmira, NY 14902

Chemung Canal Trust Company is headquartered in Elmira and is the 36th largest bank in the state of New York. It is also the 475th largest bank in the nation. It was established in 1833 and as of March of 2019, it had grown to 359 employees at 33 locations. Chemung Canal Trust Company has an A health rating.

Related Posts

Chemung Canal Trust Company (NY) Has 48-Month CD Special - 7/25/2018

Chemung Canal Trust Company (NY/PA) has added a 48-month CD Special earning 3.03% APY. Minimum deposit is $10k of new money and is capped at $1m.

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Reviews (2)

Great Bank!

Posted by: Dawlfayce | May 12, 2011

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 - YTD0.96%
Return on Equity - YTD10.47%
Annual Interest Income$16.7MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.77B$1.70B
LoansQ1 2019vs Q1 2018$1.28B$1.30B
DepositsQ1 2019vs Q1 2018$1.57B$1.52B
Equity CapitalQ1 2019vs Q1 2018$163.8MM$142.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$19.7MM$21.4MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$15.1MM$17.3MM
Real Estate OwnedQ1 2019vs Q1 2018$205.00K$1.8MM
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Always verify rates and promotions with the bank or credit union. We are not Chemung Canal Trust Company; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.40%*$25k*-Health Savings
OTHER TIERS: 0.05% $100 - $2k | 0.20% $2k - $5k | 0.25% $5k - $25k
0.05%$250-Personal Savings

Chemung Canal Trust Company Money Market Rates

0.55%*$1m*-IRA Money Market
OTHER TIERS: 0.10% $1k - $25k | 0.20% $25k - $100k | 0.30% $100k - $500k | 0.40% $500k - $1m
0.20%*$25k*-Personal Prestige IMMA (New Money)
OTHER TIERS: 0.05% $1k - $25k
0.10%*$25k*-Money Market
OTHER TIERS: 0.05% $1k - $25k

Chemung Canal Trust Company Checking Account Rates

0.05%$1k-NOW Account

Chemung Canal Trust Company CD Rates

2.52%$10k$1m36 Month CD Special - New Money
2.01%$10k$1m24 Month CD Special - New Money
1.76%$10k$1m11 Month CD Special - New Money
0.90%$1k-60 Month CD
0.90%$1k-84 Month CD
0.55%$1k-48 Month CD
0.50%$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

0.90%$1k-60 Month IRA
0.90%$1k-84 Month IRA
0.55%$1k-48 Month IRA
0.50%$1k-36 Month IRA
0.35%$1k-24 Month IRA
0.35%$1k-30 Month IRA
0.20%$100-18 Month Variable 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


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