Happy Friday! I thought I’d share with you all, dear readers, a little bit of positive news, re: banking in the Bay State.

The personal finance site Wallet Hub recently released a ranking of financial literacy by state. Massachusetts ranked among the best states for financial literacy, clocking in at the #24 spot for knowledge and education and #2 for planning and daily habits. Massachusetts took the #10 spot for overall rank.

According to WalletHub, the Bay State also boasts one of the highest percentages of people with a rainy day fund (47 percent) and ranked among the lowest non-bank borrowing (20 percent). People from Massachusetts (Massachusettsians?) may not test well, in other words, but they do quite well actually putting their money smarts to work.

Our neighbors to the north, in New Hampshire, fared a little better in the overall rankings, while our neighbors to the south, Connecticut, did considerably worse. Connecticut, for instance, has some of the least sustainable spending habits. Yikes.

It’s a no-brainer, but I’m thinking the favorable ranking almost certainly has something to do with the plethora of banks and credit unions we have here in Massachusetts. A quick check of the Division of Banks’ website shows 129 banks and 78 credit unions chartered in this state. (That doesn’t include banks chartered elsewhere that have a presence here, e.g. Santander, TD Bank.) Most of those institutions engage in some type of financial literacy activities, and Massachusetts banks are notoriously stable and well-behaved. The only thing surprising to me is that the Bay State didn’t rank a little higher than it actually did.

In other, slightly-related news, GoBankingRates.com ranked Massachusetts the fourth most affordable state for banking.