8-K

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):		April 18, 2007
Commission file number: 0-13888
CHEMUNG FINANCIAL CORPORATION (Exact name of Registrant as specified in its charter)
New York (State or other jurisdiction of incorporation or organization)		16-123703-8 (I.R.S. Employer Identification No.)
One Chemung Canal Plaza, Elmira, NY 14901 (Address of principal executive offices) (Zip Code) (607) 737-3711 (Registrant's telephone number including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(B) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02.	RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On April 18, 2007, Chemung Financial Corporation issued a press release describing its results of operations for the first quarter of 2007. That press release is furnished as Exhibit 99.1 to this report. The information in this Current Report, including the exhibit attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
ITEM 9.01	FINANCIAL STATEMENTS AND EXHIBITS
(a)	Not Applicable
(b)	Not Applicable
(c)	Exhibits

Exhibit No.
99.1	Press Release dated April 18, 2007

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
	CHEMUNG FINANCIAL CORPORATION
April 18, 2007	By: Jan P. Updegraff
	Jan P. Updegraff
	Vice Chairman & Chief Executive Officer

EX-99.1

	Chemung Financial Corporation One Chemung Canal Plaza P.O. Box 1522 Elmira, New York 14902 (607) 737-3711
PRESS RELEASE April 18, 2007 For Immediate Release Chemung Financial Reports 1st Quarter Earnings

Chemung Financial Corporation, the parent holding company of Chemung Canal Trust Company and CFS Group, Inc., has reported first quarter 2007 unaudited net income of $1.700 million, a 6.4% increase over year-earlier results of $1.597 million. Earnings per share for the quarter totaled $0.47 as compared with $0.44 a year ago, an increase of 6.8% on approximately 58,000 fewer average shares outstanding. In a prepared statement released this morning, Jan P. Updegraff, Vice Chairman & CEO, stated:
	"The improvement in our first quarter net income, compared to that for the same period a year earlier, resulted from increases in both net interest income and non-interest income. These improvements in revenue were tempered somewhat by an increase in operating expenses. Despite continuing pressure on thenet interest margin, which decreased 5 basis points from 3.71% in the first quarter of 2006 to 3.66% in the most recently completed quarter, our net interest income increased $43 thousand. This increase was due to the strong loan growth experienced throughout 2006 that continued through the first quarter of this year. On average, our total loans have increased $59.1 million from an average of $428.4 million in the first quarter of 2006 to an average of $487.5 million in the first quarter of this year. This growth has been reflected in all segments of our loan portfolio, with average mortgages increasing $36.8 million, and total average consumer and commercial loans increasing $12.7 million and $9.6 million, respectively. Non-interest income rose $560 thousand or 17.3% from $3.243 million to $3.803 million. This increase was significantly impacted by the Marchsale of a property which had been foreclosed upon during 2005. The sale of this property resulted in a pre-tax gain of $464 thousand. A $419 thousand or 6.0% increase in operating expenses from $6.957 million to $7.376 million resulted primarily from higher compensation, marketing and advertising, and occupancy costs."
The full text of this press release may be found at www.chemungcanal.com This press release may include forward-looking statements with respect to revenue sources, growth, market risk, corporate objectives and possible losses due to asset quality. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Chemung Financial Corporation assumes no duty, and specifically disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, and cautions that these statements are subject to risks and uncertainties that could cause the Corporation's actual operating results to differ materially.