Exhibit 99.5
May-2001 1995-C Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-C
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
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Beginning of the Month Principal Receivables: $3,208,790,692.40
Beginning of the Month Finance Charge Receivables: $163,530,104.34
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $3,372,320,796.74
Removed Principal Receivables: $0.00
Removed Finance Charge Receivables: $0.00
Removed Total Receivables: $0.00
Additional Principal Receivables: $0.00
Additional Finance Charge Receivables: $0.00
Additional Total Receivables: $0.00
Discounted Receivables Generated this Period: $0.00
End of the Month Principal Receivables: $3,147,935,537.87
End of the Month Finance Charge Receivables: $159,056,585.18
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $3,306,992,123.05
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master Trust II Series) $2,300,000,000.00
End of the Month Transferor Amount $847,935,537.87
End of the Month Transferor Percentage 26.94%
DELINQUENCIES AND LOSSES
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End of the Month Delinquencies:
30-59 Days Delinquent $71,394,092.52
60-89 Days Delinquent $51,307,483.88
90+ Days Delinquent $102,818,374.25
Total 30+ Days Delinquent $225,519,950.65
Delinquent Percentage 6.82%
Defaulted Accounts During the Month $25,049,801.51
Annualized Default Percentage 9.37%
May-2001 1995-C Page 2
Principal Collections $411,386,451.79
Principal Payment Rate 12.82%
Total Payment Rate 13.70%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $322,000,000.00
Class B Initial Invested Amount $28,000,000.00
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TOTAL INITIAL INVESTED AMOUNT $350,000,000.00
INVESTED AMOUNTS
Class A Invested Amount $368,000,000.00
Class B Invested Amount $32,000,000.00
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TOTAL INVESTED AMOUNT $400,000,000.00
FLOATING ALLOCATION PERCENTAGE 12.47%
PRINCIPAL ALLOCATION PERCENTAGE 12.47%
MONTHLY SERVICING FEE $500,000.00
INVESTOR DEFAULT AMOUNT $3,122,646.99
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $6,266,764.15
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $6,266,764.15
Class A Monthly Interest $1,388,765.56
Class A Servicing Fee $460,000.00
Class A Investor Default Amount $2,872,835.23
TOTAL CLASS A EXCESS SPREAD $1,545,163.36
REQUIRED AMOUNT $0.00
May-2001 1995-C Page 3
CLASS B AVAILABLE FUNDS
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CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $544,936.03
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $544,936.03
Class B Monthly Interest $124,206.67
Class B Servicing Fee $40,000.00
TOTAL CLASS B EXCESS SPREAD $380,729.36
EXCESS SPREAD
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TOTAL EXCESS SPREAD $1,925,892.72
Excess Spread Applied to Required Amount $0.00
Excess Spread Applied to Class A Investor Charge Offs $0.00
Excess Spread Applied to Class B Interest, Servicing Fee,
and Default Amount $249,811.76
Excess Spread Applied to Class B Reductions of Class B
Investe $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $27,199.30
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Reserve Account $0.00
Excess Spread Applied to other amounts owed to
Cash Collateral Depositor $151.60
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $1,648,730.06
May-2001 1995-C Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
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TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $9,315,594.30
SERIES 1995-C EXCESS FINANCE CHARGE COLLECTIONS
- -----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1995-C $0.00
Excess Finance Charge Collections applied to
Required Amount $0.00
Excess Finance Charge Collections applied to
Class A Investor Charge Offs $0.00
Excess Finance Charge Collections applied to
Class B Interest, Servicing Fee, and Default Items $0.00
Excess Finance Charge Collections applied to Reductions of
Class B Invested Amount $0.00
Excess Finance Charge Collections applied to
Monthly Cash Collateral Fee $0.00
Excess Finance Charge Collections applied to
Cash Collateral Account $0.00
Excess Finance Charge Collections applied to
Reserve Account $0.00
Excess Finance Charge Collections applied to
other amounts owed Cash Collateral Depositor $0.00
YIELD AND BASE RATE
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Base Rate (Current Month) 6.39%
Base Rate (Prior Month) 7.29%
Base Rate (Two Months Ago) 7.43%
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THREE MONTH AVERAGE BASE RATE 7.04%
Portfolio Yield (Current Month) 11.07%
Portfolio Yield (Prior Month) 11.84%
Portfolio Yield (Two Months Ago) 13.09%
---------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.00%
May-2001 1995-C Page 5
PRINCIPAL COLLECTIONS
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CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $47,179,834.63
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $4,102,594.32
TOTAL PRINCIPAL COLLECTIONS $51,282,428.95
INVESTOR DEFAULT AMOUNT $3,122,646.99
REALLOCATED PRINCIPAL COLLECTIONS $0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES $0.00
CLASS A ACCUMULATION
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DISTRIBUTION AMOUNT $0.00
CLASS B ACCUMULATION
Controlled Accumulation Amount $0.00
Deficit Controlled Accumulation Amount $0.00
CONTROLLED DISTRIBUTION AMOUNT $0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR
PRINCIPAL SHARING $54,405,075.94
INVESTOR CHARGE OFFS
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CLASS A INVESTOR CHARGE OFFS $0.00
CLASS B INVESTOR CHARGE OFFS $0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS B CHARGE OFFS REIMBURSED $0.00
CASH COLLATERAL ACCOUNT
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Required Cash Collateral Amount $52,000,000.00
Available Cash Collateral Amount $52,000,000.00
May-2001 1995-C Page 6
INTEREST RATE CAP PAYMENTS
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Class A Interest Rate Cap Payments $0.00
Class B Interest Rate Cap Payments $0.00
TOTAL DRAW AMOUNT $0.00
CASH COLLATERAL ACCOUNT SURPLUS $0.00
First USA Bank, National Association
as Servicer
By: /s/ Tracie H. Klein
---------------------------------
Tracie H. Klein
First Vice President