EXHIBIT 99.5
Jan-2002 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
- -----------
Beginning of the Month Principal Receivables: $2,770,988,318.32
Beginning of the Month Finance Charge Receivables: $148,890,576.71
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $2,919,878,895.03
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: $2,713,239,181.93
End of the Month Finance Charge Receivables: $146,779,029.04
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $2,860,018,210.97
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master Trust II Series) $1,850,000,000.00
End of the Month Transferor Amount $863,239,181.93
End of the Month Transferor Percentage 31.82%
DELINQUENCIES AND LOSSES
- ------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $64,856,478.76
60-89 Days Delinquent $52,293,062.01
90+ Days Delinquent $95,806,017.67
Total 30+ Days Delinquent $212,955,558.44
Delinquent Percentage 7.45%
Defaulted Accounts During the Month $18,329,963.19
Annualized Default Percentage 7.94%
Jan-2002 1995-C Page 2
Principal Collections $336,310,135.51
Principal Payment Rate 12.14%
Total Payment Rate 13.04%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $322,000,000.00
Class B Initial Invested Amount $28,000,000.00
---------------
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
---------------
TOTAL INVESTED AMOUNT $400,000,000.00
FLOATING ALLOCATION PERCENTAGE 14.44%
PRINCIPAL ALLOCATION PERCENTAGE 14.44%
MONTHLY SERVICING FEE $500,000.00
INVESTOR DEFAULT AMOUNT $2,645,982.02
CLASS A AVAILABLE FUNDS
- -----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $6,361,280.42
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $6,361,280.42
Class A Monthly Interest $659,128.89
Class A Servicing Fee $460,000.00
Class A Investor Default Amount $2,434,303.46
TOTAL CLASS A EXCESS SPREAD $2,807,848.07
REQUIRED AMOUNT $0.00
Jan-2002 1995-C Page 3
CLASS B AVAILABLE FUNDS
- -----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $553,154.79
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $553,154.79
Class B Monthly Interest $60,760.00
Class B Servicing Fee $40,000.00
TOTAL CLASS B EXCESS SPREAD $452,394.79
EXCESS SPREAD
- -------------
TOTAL EXCESS SPREAD $3,260,242.86
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 $211,678.56
Excess Spread Applied to Class B Reductions of
Class B Investe $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $28,933.33
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 $175.65
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $3,019,455.32
Jan-2002 1995-C Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
- --------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $13,859,546.57
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
- -------------------
Base Rate (Current Month) 4.09%
Base Rate (Prior Month) 4.17%
Base Rate (Two Months Ago) 4.35%
------
THREE MONTH AVERAGE BASE RATE 4.20%
Portfolio Yield (Current Month) 12.81%
Portfolio Yield (Prior Month) 11.99%
Portfolio Yield (Two Months Ago) 12.87%
------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.55%
Jan-2002 1995-C Page 5
PRINCIPAL COLLECTIONS
- ---------------------
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $44,663,533.61
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $3,883,785.52
TOTAL PRINCIPAL COLLECTIONS $48,547,319.13
INVESTOR DEFAULT AMOUNT $2,645,982.02
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 $51,193,301.15
INVESTOR CHARGE OFFS
- --------------------
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
- -----------------------
Required Cash Collateral Amount $52,000,000.00
Available Cash Collateral Amount $52,000,000.00
Jan-2002 1995-C Page 6
INTEREST RATE CAP PAYMENTS
- --------------------------
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 Klein
----------------------------------
Tracie H. Klein
First Vice President