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<PAGE>
EXHIBIT 99.02
08/00 Page 1
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1995-1
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RECEIVABLES
Beginning of the Month Principal Receivables: $ 598,161,768.38
Beginning of the Month Finance Charge Receivables: $ 30,954,886.43
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 629,116,654.81
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: $ 590,840,348.77
End of the Month Finance Charge Receivables: $ 30,378,449.01
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 621,218,797.78
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 76,250,000.00
End of the Month Seller Amount $ 514,590,348.77
End of the Month Seller Percentage 87.09%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 12,967,303.43
60-89 Days Delinquent $ 8,585,590.19
90+ Days Delinquent $ 17,752,088.88
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08/00 Page 2
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Total 30+ Days Delinquent $ 39,304,982.50
Delinquent Percentage 6.33%
Defaulted Accounts During the Month $ 3,530,693.60
Annualized Default Percentage 7.08%
Principal Collections 75,841,509.98
Principal Payment Rate 12.68%
Total Payment Rate 13.66%
INVESTED AMOUNTS
Class A Initial Invested Amount $ 273,750,000.00
Class B Initial Invested Amount $ 26,250,000.00
INITIAL INVESTED AMOUNT $ 300,000,000.00
Class A Invested Amount $ 45,625,000.00
Class B Invested Amount $ 30,625,000.00
INVESTED AMOUNT $ 76,250,000.00
FLOATING ALLOCATION PERCENTAGE 16.56%
PRINCIPAL ALLOCATION PERCENTAGE 58.51%
MONTHLY SERVICING FEE $ 95,312.50
INVESTOR DEFAULT AMOUNT $ 584,725.23
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 69.09%
Class A Finance Charge Collections $ 1,225,370.38
Other Amounts $ 0.00
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08/00 Page 3
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TOTAL CLASS A AVAILABLE FUNDS $ 1,225,370.38
Class A Monthly Interest $ 267,896.38
Class A Servicing Fee $ 57,031.25
Class A Investor Default Amount $ 403,958.59
TOTAL CLASS A EXCESS SPREAD $ 496,484.16
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 30.91%
Class B Finance Charge Collections $ 555,336.28
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 555,336.28
Class B Monthly Interest $ 183,776.58
Class B Servicing Fee $ 38,281.25
TOTAL CLASS B EXCESS SPREAD $ 333,278.45
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 829,762.61
Excess Spread Applied to Required Amount $ 0.00
Excess Spread Applied to Class A Investor $ 0.00
Charge Offs
Excess Spread Applied to Class B Items $ 180,776.64
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
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Excess Spread Applied to Monthly Cash $ 312.83
Collateral Fee
Excess Spread Applied to Cash Collateral $ 0.00
Account
Excess Spread Applied to other amounts owed $ 0.00
Cash Collateral Depositor
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE
FOR GROUP I $ 648,683.14
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 648,683.14
SERIES 1995-1 EXCESS FINANCE CHARGE COLLECTIONS --
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO $ 0.00
SERIES 1995-1
Excess Finance Charge Collections Applied to $ 0.00
Required Amount
Excess Finance Charge Collections Applied to $ 0.00
Class A Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Class B Items
Excess Finance Charge Collections Applied to $ 0.00
Class B Investor Charge Offs
Excess Finance Charge Collections Applied to $ 0.00
Monthly Cash Collateral Fee
Excess Finance Charge Collections Applied to $ 0.00
Cash Collateral Account
Excess Finance Charge Collections Applied to $ 0.00
other amounts owed Cash Collateral Depositor
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YIELD AND BASE RATE --
Base Rate (Current Month) 7.29%
Base Rate (Prior Month) 7.59%
Base Rate (Two Months Ago) 7.80%
THREE MONTH AVERAGE BASE RATE 7.56%
Portfolio Yield (Current Month) 14.49%
Portfolio Yield (Prior Month) 11.95%
Portfolio Yield (Two Months Ago) 14.40%
THREE MONTH AVERAGE PORTFOLIO YIELD 13.61%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 91.25%
Class A Principal Collections $ 40,493,865.93
CLASS B PRINCIPAL PERCENTAGE 8.75%
Class B Principal Collections $ 3,882,973.45
TOTAL PRINCIPAL COLLECTIONS $ 44,376,839.38
INVESTOR DEFAULT AMOUNT $ 584,725.23
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 22,812,500.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 22,812,500.00
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CLASS B AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $ 22,149,064.61
SHARING
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 $ 6,946,875.00
Available Cash Collateral Amount $ 6,946,875.00
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
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First USA Bank, National Association,
as Servicer
By: /s/ Tracie Klein
---------------------------------
Tracie H. Klein
First Vice President
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