<PAGE>
EXHIBIT 99.02
09/00 Page 1
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: $ 590,840,348.77
Beginning of the Month Finance Charge Receivables: $ 30,378,449.01
Beginning of the Month Discounted Receivables: $ 0.00
Beginning of the Month Total Receivables: $ 621,218,797.78
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: $ 586,149,490.11
End of the Month Finance Charge Receivables: $ 31,685,509.27
End of the Month Discounted Receivables: $ 0.00
End of the Month Total Receivables: $ 617,834,999.38
Special Funding Account Balance $ 0.00
Aggregate Invested Amount (all Master Trust Series) $ 53,437,500.00
End of the Month Seller Amount $ 532,711,990.11
End of the Month Seller Percentage 90.88%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies: RECEIVABLES
30-59 Days Delinquent $ 13,379,178.53
60-89 Days Delinquent $ 9,403,913.52
90+ Days Delinquent $ 17,938,711.53
<PAGE>
09/00 Page 2
Total 30+ Days Delinquent $ 40,721,803.58
Delinquent Percentage 6.59%
Defaulted Accounts During the Month $ 3,632,613.19
Annualized Default Percentage 7.38%
Principal Collections 62,835,173.44
Principal Payment Rate 10.63%
Total Payment Rate 11.52%
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 $ 22,812,500.00
Class B Invested Amount $ 30,625,000.00
INVESTED AMOUNT $ 53,437,500.00
FLOATING ALLOCATION PERCENTAGE 12.91%
PRINCIPAL ALLOCATION PERCENTAGE 59.24%
MONTHLY SERVICING FEE $ 66,796.88
INVESTOR DEFAULT AMOUNT $ 468,799.63
CLASS A AVAILABLE FUNDS--
CLASS A FLOATING PERCENTAGE 59.84%
Class A Finance Charge Collections $ 714,641.06
Other Amounts $ 0.00
<PAGE>
09/00 Page 3
TOTAL CLASS A AVAILABLE FUNDS $ 714,641.06
Class A Monthly Interest $ 133,997.30
Class A Servicing Fee $ 28,515.63
Class A Investor Default Amount $ 280,511.42
TOTAL CLASS A EXCESS SPREAD $ 271,616.71
REQUIRED AMOUNT $ 0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING PERCENTAGE 40.16%
Class B Finance Charge Collections $ 489,898.29
Other Amounts $ 0.00
TOTAL CLASS B AVAILABLE FUNDS $ 489,898.29
Class B Monthly Interest $ 183,842.51
Class B Servicing Fee $ 38,281.25
TOTAL CLASS B EXCESS SPREAD $ 267,774.53
EXCESS SPREAD --
TOTAL EXCESS SPREAD $ 539,391.24
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 $ 188,288.21
Excess Spread Applied to Class B Investor $ 0.00
Charge Offs
<PAGE>
09/00 Page 4
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 $ 351,103.03
EXCESS FINANCE CHARGES COLLECTIONS -- GROUP I --
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL
SERIES IN GROUP I $ 351,103.03
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
<PAGE>
09/00 Page 5
YIELD AND BASE RATE --
Base Rate (Current Month) 6.84%
Base Rate (Prior Month) 7.29%
Base Rate (Two Months Ago) 7.59%
THREE MONTH AVERAGE BASE RATE 7.24%
Portfolio Yield (Current Month) 11.58%
Portfolio Yield (Prior Month) 14.49%
Portfolio Yield (Two Months Ago) 11.95%
THREE MONTH AVERAGE PORTFOLIO YIELD 12.67%
PRINCIPAL COLLECTIONS --
CLASS A PRINCIPAL PERCENTAGE 91.25%
Class A Principal Collections $ 33,965,176.78
CLASS B PRINCIPAL PERCENTAGE 8.75%
Class B Principal Collections $ 3,256,934.77
TOTAL PRINCIPAL COLLECTIONS $ 37,222,111.55
INVESTOR DEFAULT AMOUNT $ 468,799.63
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
<PAGE>
09/00 Page 6
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 $ 14,878,411.18
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 $ 3,981,250.00
Available Cash Collateral Amount $ 3,981,250.00
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
