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EXHIBIT 99.02
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MONTHLY STATEMENT TO CERTIFICATEHOLDERS
CC MASTER CREDIT CARD TRUST
(Formerly Chevy Chase Master Credit Card Trust)
SERIES 1995-1
RECEIVABLES
Beginning of the Month Principal Receivables: $577,507,765.46
Beginning of the Month Finance Charge Receivables: $ 30,662,616.40
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $608,170,381.86
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: $575,289,634.14
End of the Month Finance Charge Receivables: $ 30,455,912.68
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $605,745,546.82
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 15,312,500.00
End of the Month Seller Amount $559,977,134.14
End of the Month Seller Percentage 97.34%
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DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 14,238,607.22
60-89 Days Delinquent $ 9,908,358.24
90+ Days Delinquent $ 19,288,480.77
Total 30+ Days Delinquent $ 43,435,446.23
Delinquent Percentage 7.17%
Defaulted Accounts During the Month $ 3,640,097.09
Annualized Default Percentage 7.56%
Principal Collections 64,257,927.03
Principal Payment Rate 11.13%
Total Payment Rate 12.07%
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 $ 0.00
Class B Invested Amount $ 15,312,500.00
INVESTED AMOUNT $ 15,312,500.00
FLOATING ALLOCATION PERCENTAGE 5.30%
PRINCIPAL ALLOCATION PERCENTAGE 60.61%
MONTHLY SERVICING FEE $ 19,140.63
INVESTOR DEFAULT AMOUNT $ 193,034.35
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CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 0.00%
Class A Finance Charge Collections $ 0.00
Other Amounts $ 0.00
TOTAL CLASS A AVAILABLE FUNDS $ 0.00
Class A Monthly Interest $ 0.00
Class A Servicing Fee $ 0.00
Class A Investor Default Amount $ 0.00
TOTAL CLASS A EXCESS SPREAD $ 0.00
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 100.00%
Class B Finance Charge Collections $514,379.96
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $514,379.96
Class B Monthly Interest $ 88,940.10
Class B Servicing Fee $ 19,140.63
TOTAL CLASS B EXCESS SPREAD $406,299.23
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EXCESS SPREAD --
TOTAL EXCESS SPREAD $406,299.23
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 $193,034.35
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
Excess Spread Applied to Monthly Cash $ 0.00
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 $213,264.88
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $213,264.88
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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
YIELD AND BASE RATE --
Base Rate (Current Month) 5.49%
Base Rate (Prior Month) 8.97%
Base Rate (Two Months Ago) 6.84%
THREE MONTH AVERAGE BASE RATE 7.10%
Portfolio Yield (Current Month) 12.59%
Portfolio Yield (Prior Month) 13.91%
Portfolio Yield (Two Months Ago) 11.58%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.69%
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PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 91.25%
Class A Principal Collections $35,536,076.21
CLASS B PRINCIPAL PERCENTAGE 8.75%
Class B Principal Collections $ 3,407,568.98
TOTAL PRINCIPAL COLLECTIONS $38,943,645.19
INVESTOR DEFAULT AMOUNT $ 193,034.35
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER $ 0.00
SERIES
CLASS A AMORTIZATION --
Controlled Amortization Amount $ 0.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $ 0.00
CLASS B AMORTIZATION --
Controlled Amortization Amount $15,312,500.00
Deficit Controlled Amortization Amount $ 0.00
CONTROLLED DISTRIBUTION AMOUNT $15,312,500.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL $23,824,179.54
SHARING
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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 $0.00
Available Cash Collateral Amount $0.00
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
First USA Bank, National Association,
as Servicer
By: /s/ TRACIE KLEIN
---------------------------------
Tracie H. Klein
First Vice President
