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Chemung Canal Trust Bank
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Municipalities

MANAGEABLE
Reporting and Cash Flow
Municipal finance requires transparency, precision, and a partner who understands the stakes. Chemung Canal Trust Company brings steady support and modern tools to simplify daily workflows.
Elevate Your Financial Management
  • Streamline collections and payments
  • Improve reporting clarity across funds
  • Reduce manual steps and branch visits
Financial Solutions for Municipalities
  • Operating Accounts
  • Positive Pay Services: Ensure the checks you send are the checks cashed
  • Lockbox for tax collection and accounting
  • Debt Management: Bond trustee services and escrow administration
  • Merchant Services: Accept payments at town hall, recreation centers, or online.
  • Remote Deposit Capture: Process checks without having to go to the Bank
  • ACH Originations: Payroll, vendor payment, and direct deposit services
  • Collaterization & Compliance
    • Full collateralization available for deposits exceeding FDIC limits, ensuring 100% public fund protection
Traditional Method
CCTC Method
Convenient Management
(Open separate accounts for each client.)

No.
(One master account, unlimited sub accounts.)
Yes.
Easy Set Up
(30+ minutes per account setup.)

No.
(Minutes to create digital sub accounts.)

Yes.
Introducing
EscrowEdge
A Secure Digital Platform for Separating and Managing Your Municipal Funds
  • Offering sophisticated enterprise-wide sub-accounting for all departments
  • Faster Setup: Create digital sub-account in minutes – no traditional account opening paperwork required
  • Detailed Teporting: Generate compliance reports within a couple of clicks
  • Secure Multiple Users: Role-based permissions for different users
  • Transparency: Historical records and audit trails at your fingertips

A Clearer, More Structured Escrow Experience.

  • Online sub-account opening/closing
  • Real-time transfers
  • Reporting down to the sub-account level
  • Configurable compliance workflows and transparency support

With EscrowEdge, you can:

  • Access the platform 24/7 from anywhere
  • Manage online sub-account opening, closing, and transfers
  • Organize funds with a clear foldering structure
  • Generate reports to the sub-account level
  • Split, track, and allocate interest with accuracy
  • Configure compliance workflows to meet any requirement
  • Administer FEMA funds and Surety Bonds

Manage Municipal Funds
with EscrowEdge

EscrowEdge Offers Your Organization:

  • 24/7 online access
  • Online sub-account opening, closing, and transfers
  • Clear foldering structure
  • Reporting to the sub-account level
  • Split, track, and allocate interest
  • Configurable compliance workflows to meet any requirement

The Right Banking Partner
Chemung Canal Trust Company + EscrowEdge

  • Minimal visits to the branch
  • Reduction in cash handling
  • Training support for staff
  • Online banking tools
  • Managing compliance and public transparency
  • Easy to access reporting
  • Clear delineation between sub-accounts
  • Manage interest
  • Help with FEMA funds and surety bonds
Talk with a Municipal Banking Specialist.

Municipality banking at Chemung Canal Trust Company Bank. Our services work as hard as you do.

Let's Connect

Sarah Williamson

Assistant Vice President

Cash Management Officer

Chemung Canal Trust Company

One Chemung Canal Plaza

Elmira, NY 14901

607.737.3911

[email protected]

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© 2025 Chemung Canal Trust Company. All rights reserved.
ABA Routing Transit #: 021301115
Toll-free: 800-836-3711
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