Exhibit 99.5
Jun-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: $2,591,799,604.05
Beginning of the Month Finance Charge Receivables: $134,031,322.06
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $2,725,830,926.11
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: $2,591,257,172.52
End of the Month Finance Charge Receivables: $136,465,334.68
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $2,727,722,507.20
Special Funding Account Balance $0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series) $1,482,000,000.00
End of the Month Transferor Amount $1,109,257,172.52
End of the Month Transferor Percentage 42.81%
DELINQUENCIES AND LOSSES
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End of the Month Delinquencies:
30-59 Days Delinquent $57,754,094.93
60-89 Days Delinquent $41,871,886.55
90+ Days Delinquent $79,055,181.70
Total 30+ Days Delinquent $178,681,163.18
Delinquent Percentage 6.55%
Defaulted Accounts During the Month $16,677,241.06
Annualized Default Percentage 7.72%
Jun-2002 1995-C Page 2
Principal Collections $278,726,653.98
Principal Payment Rate 10.75%
Total Payment Rate 11.63%
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 July 15, 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 July 15, 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 15.43%
PRINCIPAL ALLOCATION PERCENTAGE 15.43%
MONTHLY SERVICING FEE $500,000.00
INVESTOR DEFAULT AMOUNT $2,573,847.31
CLASS A AVAILABLE FUNDS
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CLASS A FLOATING ALLOCATION PERCENTAGE 92.00%
Class A Finance Charge Collections $5,890,894.40
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $5,890,894.40
Class A Monthly Interest $601,066.67
Class A Servicing Fee $460,000.00
Class A Investor Default Amount $2,367,939.52
TOTAL CLASS A EXCESS SPREAD $2,461,888.21
REQUIRED AMOUNT $0.00
Jun-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 $512,251.69
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $512,251.69
Class B Monthly Interest $55,377.78
Class B Servicing Fee $40,000.00
TOTAL CLASS B EXCESS SPREAD $416,873.91
EXCESS SPREAD
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TOTAL EXCESS SPREAD $2,878,762.12
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 $205,907.79
Excess Spread Applied to Class B Reductions of Class B Investe $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $26,133.33
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Reserve Account $28,000,000.00
Excess Spread Applied to other amounts owed to
Cash Collateral Depositor $162.43
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR
GROUP I $646,558.57
Jun-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 $9,588,561.84
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) 4.11%
Base Rate (Two Months Ago) 4.13%
--------
THREE MONTH AVERAGE BASE RATE 4.12%
Portfolio Yield (Current Month) 11.49%
Portfolio Yield (Prior Month) 12.17%
Portfolio Yield (Two Months Ago) 11.12%
--------
THREE MONTH AVERAGE PORTFOLIO YIELD 11.59%
Jun-2002 1995-C Page 5
PRINCIPAL COLLECTIONS
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CLASS A PRINCIPAL PERCENTAGE 92.00%
Class A Principal Collections $39,575,362.42
CLASS B PRINCIPAL PERCENTAGE 8.00%
Class B Principal Collections $3,441,335.86
TOTAL PRINCIPAL COLLECTIONS $43,016,698.28
INVESTOR DEFAULT AMOUNT $2,573,847.31
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 $45,590,545.59
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
Jun-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/ Michael J. Grubb
-----------------------------
Michael J. Grubb
First Vice President