Exhibit 99.5
May-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
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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
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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-C 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 $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, as of June 17, 2002
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
ADJUSTED INVESTED AMOUNTS, as of June 17, 2002
Class A Adjusted Invested Amount $368,000,000.00
Class B Adjusted Invested Amount $ 32,000,000.00
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TOTAL ADJUSTED INVESTED AMOUNT $400,000,000.00
FLOATING ALLOCATION PERCENTAGE 15.32%
PRINCIPAL ALLOCATION PERCENTAGE 15.32%
MONTHLY SERVICING FEE $ 500,000.00
INVESTOR DEFAULT AMOUNT $ 2,742,253.61
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $ 6,255,657.48
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 6,255,657.48
Class A Monthly Interest $ 708,400.00
Class A Servicing Fee $ 460,000.00
Class A Investor Default Amount $ 2,522,873.32
TOTAL CLASS A EXCESS SPREAD $ 2,564,384.16
REQUIRED AMOUNT $ 0.00
May-2002 1995-C Page 3
CLASS B AVAILABLE FUNDS
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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 $ 65,266.67
Class B Servicing Fee $ 40,000.00
TOTAL CLASS B EXCESS SPREAD $ 438,703.51
EXCESS SPREAD
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TOTAL EXCESS SPREAD $3,003,087.67
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 $ 219,380.29
Excess Spread Applied to Class B Reductions of Class B Investe $ 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 $ 175.12
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $2,752,732.26
May-2002 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 $13,016,673.35
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) 4.11%
Base Rate (Prior Month) 4.13%
Base Rate (Two Months Ago) 4.17%
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THREE MONTH AVERAGE BASE RATE 4.14%
Portfolio Yield (Current Month) 12.17%
Portfolio Yield (Prior Month) 11.12%
Portfolio Yield (Two Months Ago) 13.96%
---------
THREE MONTH AVERAGE PORTFOLIO YIELD 12.41%
May-2002 1995-C Page 5
PRINCIPAL COLLECTIONS
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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 $ 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 $49,280,111.61
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-2002 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 Klein
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Tracie H. Klein
First Vice President