Exhibit 99.3
May-2002 1995-A Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1995-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
- -----------
Beginning of the Month Principal Receivables: $2,611,210,024.32
Beginning of the Month Finance Charge Receivables: $ 136,943,111.55
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $2,748,153,135.87
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: $2,591,799,604.05
End of the Month Finance Charge Receivables: $ 134,031,322.06
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $2,725,830,926.11
Special Funding Account Balance $ 0.00
Aggregate Adjusted Invested Amount (all Master Trust II
Series) $1,666,000,000.00
End of the Month Transferor Amount $ 925,799,604.05
End of the Month Transferor Percentage 35.72%
DELINQUENCIES AND LOSSES
- ------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $ 58,507,162.48
60-89 Days Delinquent $ 43,015,353.38
90+ Days Delinquent $ 80,230,396.52
Total 30+ Days Delinquent $ 181,752,912.38
Delinquent Percentage 6.67%
Defaulted Accounts During the Month $ 17,901,500.32
Annualized Default Percentage 8.23%
May-2002 1995-A Page 2
Principal Collections $303,800,303.30
Principal Payment Rate 11.63%
Total Payment Rate 12.56%
INITIAL INVESTED AMOUNTS
Class A Initial Invested Amount $368,000,000.00
Class B Initial Invested Amount $ 32,000,000.00
---------------
TOTAL INITIAL INVESTED AMOUNT $400,000,000.00
INVESTED AMOUNTS, as of June 17, 2002
Class A Invested Amount $ 0.00
Class B Invested Amount $ 32,000,000.00
---------------
TOTAL INVESTED AMOUNT $ 32,000,000.00
ADJUSTED INVESTED AMOUNTS, as of June 17, 2002
Class A Adjusted Invested Amount $ 0.00
Class B Adjusted Invested Amount $ 32,000,000.00
---------------
TOTAL ADJUSTED INVESTED AMOUNT $ 32,000,000.00
FLOATING ALLOCATION PERCENTAGE 15.32%
PRINCIPAL ALLOCATION PERCENTAGE 15.32%
MONTHLY SERVICING FEE $ 270,000.00
INVESTOR DEFAULT AMOUNT $ 2,742,253.61
CLASS A AVAILABLE FUNDS
- -----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,411,126.87
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,411,126.87
Class A Monthly Interest $ 705,026.67
Class A Servicing Fee $ 230,000.00
Class A Investor Default Amount $ 2,522,873.32
TOTAL CLASS A EXCESS SPREAD $ 2,953,226.88
REQUIRED AMOUNT $ 0.00
May-2002 1995-A Page 3
CLASS B AVAILABLE FUNDS
- -----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.00%
Class B Finance Charge Collections $ 543,970.18
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 543,970.18
Class B Monthly Interest $ 64,533.33
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 439,436.85
EXCESS SPREAD
- -------------
TOTAL EXCESS SPREAD $3,392,663.73
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 Items $ 219,380.29
Excess Spread Applied to Class B Investor Charge Offs $ 0.00
Excess Spread Applied to Monthly Cash Collateral Fee $ 30,800.00
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 $ 0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $3,142,483.44
May-2002 1995-A Page 4
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
- --------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $13,016,673.35
SERIES 1995-A EXCESS FINANCE CHARGE COLLECTIONS
- -----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1995-A $ 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 Items $ 0.00
Excess Finance Charge Collections applied to
Class B Investor Charge Offs $ 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) 4.10%
Base Rate (Prior Month) 4.12%
Base Rate (Two Months Ago) 4.16%
------
THREE MONTH AVERAGE BASE RATE 4.13%
Portfolio Yield (Current Month) 12.64%
Portfolio Yield (Prior Month) 11.12%
Portfolio Yield (Two Months Ago) 13.96%
------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.57%
May-2002 1995-A Page 5
PRINCIPAL COLLECTIONS
- ---------------------
CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $ 42,814,829.36
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $ 3,723,028.64
TOTAL PRINCIPAL COLLECTIONS $ 46,537,858.00
INVESTOR DEFAULT AMOUNT $ 2,742,253.61
REALLOCATED PRINCIPAL COLLECTIONS $ 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES $134,719,888.39
CLASS A ACCUMULATION
Controlled Accumulation Amount $184,000,000.00
Deficit Controlled Accumulation Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $184,000,000.00
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 $ 0.00
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 $ 4,160,000.00
Available Cash Collateral Amount $ 52,000,000.00
May-2002 1995-A 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 $47,840,000.00
First USA Bank, National Association
as Servicer
By: /s/ Tracie Klein
-------------------------------
Tracie H. Klein
First Vice President